Contribution of entrepreneurs towards socio-economic development
The major contribution of entrepreneurs towards socio-economic development can be seen in
the maximization of opportunities, which includes observing the environment for venture with growth potential, securing capital, adapting technologies and combining production factors in an efficient manner. The useful role entrepreneurs can play as change-agents in socio-economic development and employment generation is generally accepted. It needs to be clearly stated at this point, that the majority of Bangladesh entrepreneurs are first generation entrepreneurs. The development of the entrepreneurial class however does take time and is subject to skill and capital constraints.