this presentation includes detail about the role of an entrepreneur in economic development

1. Role Of an Entrepreneur In
Economic Development
By: IQRA TARIQ
Semester: Seventh
Department: Computer Sciences

2. Who is an Entrepreneur?
 Entrepreneur:
An innovator who brings economic development
through new permutations of factors of production.

3. Entrepreneur Vs Economic
development
New
Innovation
Economic
Growth
Cash
inflow
Job
Opportunities
New
Market
An
Entrepreneur

4. Economic Progress?
 Measure of welfare of humans in society.
 According to Joseph Schumpeter
Rate of “Economic Progress” depends upon its Rate of Innovation
Which depends on continually increasing rate of
entrepreneurial talent in society

5. Role of entrepreneur in Economist
View
 The entrepreneur directs production and must do
whatever is necessary for success

6. Role of an Entrepreneur in economic
Development
An entrepreneur plays an imperative Role in Economic
development in variety of aspects some of them are:
 Endorsing Capital development
 Creates large scale employment opportunities
 Promotes balanced regional development
 General employment
 Improvement in standard living
 National self reliance

7. Endorse Capital development
 Entrepreneur maintains capital formation by
organizing idle savings of public.
 Spend their own as well as borrowed from people.
 This leads to the industrial and economic
development of the country.

8. Large scale of job opportunities
 Unemployment is the constant problem of the
underdeveloped country.
 Entrepreneur provides immediate large-scale
employment opportunities to the unemployed.
 In this way an entrepreneur clears the path towards
economic development of the country

9. Promotes Balanced Regional
Development
 Entrepreneur helps to remove regional differences
through setting up of industries in less develop and
backward areas
 More industries leads to more development of
backward areas.

10. Increases General Employment rate
 An entrepreneur is not the job seeker but a job
creators and provider
 Gov.jobs are shrinking due to recession leaving
many unemployed
 An entrepreneur and their enterprises are the direct
and indirect source of employment.

11. Improvement in Standard living
 Varying Quality products, new innovations makes
common’s man life smoother and comfortable.

12. National self-reliance
 An entrepreneur help to
manufacture native
alternates to imported
products which reduces the
dependence on foreign
country.

13. Summary…
 An Entrepreneur Examine sand
identifies opportunities and convert
them into business intentions. in such
way they play a important role for the
economic development of a country..