Entrepreneur is an individual who runs a business and assumes all the risks and rewards of a given business venture, idea, or good or service offered for sale. We need an entrepreneur since it is commonly seen as a leader of a business, innovator of new ideas and business processes.
Entrepreneurs are the individuals who create new businesses and in result it create new employment, new job for the unemployed people in society. Entrepreneurs add to national income that they literally generate new wealth. new and improved products and offerings from entrepreneurs enable new markets to be developed. In addition, there will be an increased employment and higher earnings contribute to national income in form of higher tax revenue and higher government spending and that revenue can be used by the government to invest, struggling sectors and human capital.
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