EVALUATE THE ROLE OF ENTREPRENEURSHIP IN THE ECONOMIC DEVELOPMENT.
CHAPTER ONE INTRODUCTION BACKGROUND OF THE STUDY The emergence and development of entrepreneurship is an important phenomenon in contemporary economies (Stefanovic et al, 45). (Chandler 8) defines entrepreneurship as dealing with uncertainty, making a distinction between risk, which can be calculated, and uncertainty, which cannot. (Schumpeter 66) describes the entrepreneur as the bearer of the mechanism for change and economic development, and entrepreneurship as the undertaking of new ideas and ...
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