Antecedentes y estado del conocimiento

a) National Income b) Regional development c) Dispersal of economic power d) Better standard of living

a) National Income:

National Income consists of the goods and services produced in the country and imported.

The goods and services produced are for consumption within the country as well as to meet

the demand of exports. The domestic demand increases with increase in population and increase in standard of living. The export demand also increases to meet the needs of growing imports due to various reasons. An increasing number of entrepreneurs are required to meet this increasing demand for goods and services. Thus entrepreneurship increases the national income.

b) Balanced Regional Development:

The growth of Industry and business leads to a lot of Public benefits like transport facilities, health, education, entertainment etc. When the industries are concentrated in selected cities, development gets limited to these cities. A rapid development . When the new entrepreneurs grow at a faster rate, in view of increasing competition in and around cities, they are forced to set up their enterprises in the smaller towns away from big cities. This helps in the development of backward regions.

c) Dispersal of economic power:

Industrial development normally may lead to concentration of economic powers in a few hands. This concentration of power in a few hands has its own evils in the form of monopolies. Developing a large number of entrepreneurs helps in dispersing the economic power amongst the population. Thus it helps in weakening the harmful effects of monopoly.

d) Better standards of living:

Entrepreneurs play a vital role in achieving a higher rate of economic growth. Entrepreneurs

are able to produce goods at lower cost and supply quality goods at lower price to the community according to their requirements. When the price of of the commodities decreases the consumers get the power to buy more goods for their satisfaction. In this way they can increase the standard of living of the people.

12. FUTURE PERSPECTIVE

Entrepreneurship as in the past will determine technical innovations, status of social institutions and political management systems. On the basis of these factors, we can expect the future to be a place where basic needs will remain and only the wants will change. India will overcome the barriers of infrastructure; we will also visualize a strong manufacturing and agricultural sector.

Entrepreneurs and not managers will be in demand, as only they will be equipped to find order in chaos. The focus of entrepreneurial energy will shift from achieving volume sales to fulfill a specific requirement. Governance will become more transparent and will be willing to accept changes necessary for growth and development. More autonomy will become the basis of all issues.

The future will see Entrepreneurship as the key driver of economic development Technological obsolescence will become order of the day and there will be more space for leisure. New businesses will be credited with providing variety of new jobs in the economy. New and small business will also develop more than their share of product and service innovation. At one end we will see the technological upheavals in quick succession and on the other end there will be social value systems and cultural issues undergoing slow but dynamic transformations.

13. CONCLUSION

Entrepreneurs are highly driven and focused people, sometimes to the point of obsession. They reduce issues to first principles and apply high levels of intelligence, energy and willpower to getting things done. They are restless and see change as an opportunity. They are calculated risk-takers and are highly competitive. Their motor is a serious appetite for financial reward and acclaim, which they richly deserve.

There are ample opportunities in small businesses in India and such opportunities will transform India in the coming future. For such transformation to happen there needs to be support both at the governmental and societal level. For the government it is important to realize that the goal of small business owners will be to remain self-employed. Such people may not need financial assistance but they will need marketing and legal assistance in order to sustain themselves.

Practical and cost effective programs need to be developed to address their needs because self-employed people will represent an important segment in economic revitalization.

Entrepreneurship development is the key factor to fight against unemployment, poverty and to prepare ourselves for globalization in order to achieve overall Indian economic progress

This project has helped me in broadening my horizons. Entrepreneurship is a wide concept and is a self teaching experience that comes with time to persons thriving with innovation.

14. BIBLIOGRAPHY

http://www.forbes.com/sites/shericaplan/2011/08/18/the-importance-of-women-entrepreneurs/

http://dobato.blogspot.com/2006/02/scope-of-entrepreneurship-development.html

http://www.blackhawwealth.com/blog/how-entrepreneurs-create-jobs/

http://www.krusekronicle.com/2011/04/top-1-of-entrepreneurs-create-40-of-new-jobs.html

BBC: Top 1% of entrepreneurs create 40% of new jobs

http://www.gov.vc/index.php?option=com_content&view=article&id=43&Itemid=117 http://kalyan-city.blogspot.com/2010/11/entrepreneurship-what-are-its-features.html

http://www.youngentrepreneur.com/blog/7-traits-of-highly-successful-salespeople/

http://www.entrepreneur.com/homebasedbiz/article200730.html

http://www.successmagazine.com/50-Greatest-Entrepreneurs-of-All-Time/PARAMS/article/182/channel/15

http://www.preservearticles.com/201101143322/functions-of-an-entrepreneur.html

http://www.isrj.net/June/2011/Economic_WOMEN_ENTREPRENURSHIP_PROBLEMS_AND _PROSPECTS_OF_INDIAN_ECONOMY.html