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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.

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