Overview

"Entrepreneurship is understood as an ability to involve in any of the purposeful activity by an individual or a group of like-minded individuals commenced to initiate, uphold, or earn profit by production and distribution of economic goods and services. The activity requires self- confidence and proficiency of the individuals to meet any adverse conditions and portraying characteristics featuring risk bearing, innovation, decision making, achievement orientation, accepting challenges, creative personality and mobi There are various researchers who have defined ""Entrepreneur‟ based on their objectives, their functions, their qualities and their achievements. Richard Cantillon (1725) defines an entrepreneur as an economic agent who unites all means of production (a) Land of one, the labor of another and the capital of yet another and thus produces a product. (b) By selling the product in the market he pays rent of land, wages to labor, interest on capital and what remains is his profit. (c) Also, he shifts the economic resources out of an area of lower productivity into an area of higher productivity and greater yield."

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