Entrepreneur

Entrepreneur plays an important role in the development of any country. They are the backbone of nation’s economic progress. Entrepreneurs are innovators but in their role they act as the owners, producers, coordinators, market creators, decision takers and risk takers. They organize land, labour and capital to provide much needed goods and services to the society and therefore are referred to as fourth “factor of production’. He is also called as caption of the industry.

Definition: - “An entrepreneur is a person who buys factor services at certain prices with a view to selling its product at uncertain (doubtful) prices.” …………Defined by (Cantilon)