Environmental changes in the economy have led to the exposure of a new entrepreneurial class. Their tasks and character have undergone significant changes.
Classification of Entrepreneurship:
- Commercial entrepreneurship:The activity toward the development of a business that draw up the creation of economic value.
2.Industrial entrepreneurship:The industrial revolution, technological developments, advertisements in the means of transportation and communications and non-interference by the State in business have resulted in the changes in nature, task, and character of entrepreneurship. The entrepreneur is being acknowledged as the promoter, coordinator, organizer of the enterprises and as the risk taker.Innovative entrepreneurship: Entrepreneurs as an Innovator utilizes inventions and discoveries to make a new product or services.
Isha Chaubey BBS V M A TIAS NEW DELHI