Entrepreneurship Development

ENTREPRENEURSHIP DEVELOPMENT FOR RURAL FAMILIES 4(1+3)

Lesson 1 : Concepts and Definitions of Entrepreneur, Entrepreneurship, Enterprise

Wage employment Vs entrepreneurship

Difference between wage employment and entrepreneurship

Wage Employment	Entrepreneurship
Work for others	Own boss
Follow instructions	Make own plans
Routine job	Creative activity
Earning is fixed, never negative	Can be negative sometimes, generally surplus
Does not create wealth	Creates wealth, contributes to GDP
Can choose form- Government service Public sector Private sector	Can choose from- Industry Trade or Service enterprise