Explain the need for entrepreneurship. Write the benefits of self-employment.

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Entrepreneurship is the process of creating or starting a new business venture to earn a profit by identifying a need in the market and filling it. It is a crucial aspect of economic growth and development as it contributes to job creation, innovation, and overall economic growth.

There are several reasons why entrepreneurship is important:

1. Job creation: Entrepreneurs create new jobs and employment opportunities, which in turn contributes to economic growth and development. By starting new businesses, entrepreneurs provide employment opportunities to individuals who may not otherwise have access to jobs.

2. Innovation: Entrepreneurs are often driven by the desire to create new products or services _____________ __ ___ ____ ____ ________ ____.
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Degree : DIPLOMA PROGRAMMES
Course Name : Diploma in Value Added Products from Fruits & Vegetables
Course Code : DVAPFV
Subject Name : Entrepreneurship and Marketing
Subject Code : BPVI 8
Year : 2023