The form of business organisation started developing, along with the development and expansion of trade, commerce and industry. This development took place in order to cope up with the rising demands of more goods and services, demanding more capital and continued human efforts as well as specialised management skills. Thus, the organisation developed from sole tradership to giant organisations like [...]
The term "women entrepreneur" deals with that section of the female population who venture out into industrial activities i.e. manufacturing, assembling, job works, repairs/servicing and other businesses. Women entrepreneurs may be defined as the women or a group of women who initiate, organise and operate a business enterprise. Women are expected to innovate, imitate or adopt an economic activity to [...]
Adam Smith (1776) defined entrepreneur as "an individual, who forms an organisation for commercial purpose -who is a capitalist." To Adam Smith, "the entrepreneur is a proprietory capitalist, a supplier of capital and at the same time, works as a manager intervening between the labour and capital." Adam Smith treated the entrepreneur as an employer, master, merchant and undertaker but [...]