Question

describe the role of entreprenuers of india in development of industry??

Answer 1

Dear Student,

Entrepreneurs play a very important role in the development of industry in India. Entrepreneurs play the role of organising productive activity in industry. They obtain capital for the industry either by investing their own resources or by taking loans from banks. They then hire workers and pay them wages. They also acquire the land necessary to set up the industry. Then they take the risk of the industry failing to earn profit. Without someone assuming that risk, no industry can be set up.