ENTREPRENEURSHIP

Detailed explanation-1: -Entrepreneurs boost economic growth by introducing innovative technologies, products, and services. Increased competition from entrepreneurs challenges existing firms to become more competitive. Entrepreneurs provide new job opportunities in the short and long term.

Detailed explanation-2: -Employment – An entrepreneur by setting up various businesses and establishments is generating employment in the economy. People need jobs. This is a major contribution that an employer can make to provide income to an employee who can meet his or her needs.

Detailed explanation-3: -Social environment comprises subjective norms measured by the perceived social pressure from family, friends or significant others to perform entrepreneurial behavior (Ajzen 1991). It is actually the perception that people may or may not approve the decision to become an entrepreneur on the basis of social pressure.