Question

Anshuman was very industrious sales executive with a small herbal cosmetic manufacturer. He earned a good salary and commision on the business he brought for the firm and had very good command over the Delhi market for which he hd virtually become indispensable . He was aware of the enviable position he held in the firm and thought aloud :
" The key to successs in any business is the sale of its products. The beginning and end of the business cycle is nothing but sale and " other " people working in the factory to manufacture products are mere cogs in the business machine set in motion by sales people. So why carry this burden and get only a tiny shares on the properity of the firms. ? Instead others enjoying the fruits of my labour, why should I not start my own business " ?
(a) Should Anshuman take a leap ? Give reason for you answer .
(b) State any three functions Anshuman will perform as an entreprenutd in relations to economic developement.

Answer 1

(a) Yes, Anshuman should start his own business because as an entrepreneur, he will become a job-provider rather than a job-seeker, besides enjoying a host of other financial and psychological rewards.
(b) Functions of Anshuman as an entrepreneur in relation to economic development : (Explain any three )
(i) Contribution to GDP .
(ii) Capital formation
(iii) Generation of employment
(iv) Generation of business opportunities for others.