Entrepreneurs are a key aspect of any nation’s economy. Entrepreneurs act as the spark plug in the economy’s engine, and play a vital role in activating and stimulating all economic activity as well as serving as a catalyst for social development and progress.
It can be seen that a nation is prosperous only to the degree in which it encourages and support entrepreneurial activities. For many years, traditional economists viewed entrepreneurship as playing only a small role in overall economic growth. However, by the 1800s, the Austrian School of Economics recognized entrepreneurship as playing a central role in the economic development of a country. Since then, the most dynamic and well-developed economies around the world have all shared a common trait, in which a significant portion of their economic activities consist of entrepreneurial activities and the economic and legal frameworks of these countries are structured so as to encourage and motivate entrepreneurs.
We in PUGM are very supportive in cultivating entrepreneurial activities.Its the core route that we embark on to achieve our nation’s 2020 vision to be developed nation