Need of Entrepreneurship: There is a need of entrepreneurship in every nation because everyone wants economic development. Developed nation need entrepreneurship to maintain their economic pace. Developing nations need entrepreneurship for their economic development. It is because of entrepreneurship that new enterprises and business ventures are established and new & innovative products and services are available for their societies. This in turn changes the standard of living and comfort for societies. Entrepreneurs with their innovation, research and courage, promote capital formation & create employment opportunities. This helps in economic development of society and nations. Therefore, entrepreneurship is essential for every nation.
