Entrepreneurs play a major role in the economic development of any country. They make the optimum utilization of scarce resources for the best advantage of a nation. They bear the risk of utilizing the resources of country and through their capital formation create wealth in the country. In today’s world entrepreneurs are becoming the role models of youngsters. Bill Gates, Mukesh Ambani, Mark Zuckerberg, Jeff Bezos, JRD Tata are the inspiration for youngsters. That is why in the survey of Opinion Research Council of America, 58% of the youth of the age group 18-24 wish to start their own business.
