1. PRESENTED BY- AJAY YADAV
SEC- A
G.L.bajaj. institute of management and research
greater noida

3.  THEORIES OF ENTREPRENEURSHIP
CATEGORISED AS UNDER :-
 SOCIOLOGICAL THEORY
 ECONOMICAL THEORY
 CULTURAL THEORY
 PSYCOLOGICAL THEORY

4.  Entrepreneurship and economic development areinterdependent.
Economic development takes place when acountry' real rational income
increases overall period of timewherein the role of entrepreneurs is an
integral part.
 •
 Entrepreneurship and economic growth take place when theeconomic
conditions are favorable.
 •
 Economic incentives are the main motivators forentrepreneurial activities.
 •
 Economic incentives include taxation policy, industrial policy,sources of
finance and raw material, infrastructureavailability, investment and
marketing opportunities, accessto information about market conditions,
technology etc.


5.  •
 Entrepreneurship gets a boost whensociety has
sufficient supply of individuals with necessary
psychologicalcharacteristics.
 •
 The psychological characteristics includeneed
for high achievement, a vision orforesight,
ability to face opposition.


6.  Entrepreneurship is the product of
culture.Entrepreneurial talents come from cultural
valuesand cultural system embedded into the
culturalenvironment.
 Hoselitz’s Theory
 •
 The supply of entrepreneurship is governed
bycultural factors, and culturally minority groups
arethe spark-plugs of entrepreneurial and
economicdevelopment. In many countries,
entrepreneurshave emerged from a particular
socio-economic class