This document discusses economic and psychological theories of entrepreneurial motivation. It outlines several theories including economic theories, Joseph Schumpeter's innovation theory, and psychological theories. The economic theories state that entrepreneurship is motivated by favorable economic conditions and incentives like taxation policy. Schumpeter's innovation theory posits that entrepreneurship involves introducing new products, markets, production methods, and organizations. Psychological theories argue that entrepreneurship stems from individuals possessing traits like a need for achievement, vision, risk-taking, and self-reliance formed through upbringing.