Entrepreneurship. The capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit.

The most obvious example of entrepreneurship is the starting of new businesses.

Characteristics of an Entrepreneur. Motivation, Creativity and Persuasiveness, Versatility, Superb business skills, Risk Tolerance, Drive, Vision, Flexibility and Open-mind, and decisiveness.

Importance of Entrepreneurs. Entrepreneurs Create New Business, Add to National Income, Also Create Social Change.

Community Development. Entrepreneurs regularly nurture entrepreneurial ventures by other like-minded individuals. They also invest in community projects and provide financial support to local charities. This enables further development beyond their own ventures.

Creative Industry. Refers to the socio-economic potential of activities that trade with creativity, knowledge and information. Creative economy comprises advertising, architecture, art, crafts, design, fashion, film, music, performing arts, publishing, software, toys and games, TV and radio, and video. Some scholars consider that education industry, including public and private services, is forming a part of creative industry.

Cultural Industry. Combine the creation, production and distribution of goods and services that are cultural in nature and usually protected by intellectual property rights sometimes called “CREATIVE INDUSTRY” the notion of cultural industries generally includes textual, music, television, and film production and publishing, as well as crafts and design.

Artisanal Product. Produced by artisans, either completely by hand, or with the help of hand tools or even mechanical means, as long as the direct manual contribution of the artisan remains the most substantial component of the finished product. These are produced without restriction in terms of quantity and using raw materials from sustainable resources; distinctive.

Core Values of Human Economic Development. Life Sustenance, Self-Esteem, Freedom From Service.

Life Sustenance. The ability of the economy to provide the basic needs. The economy must be able to provide to as many people possible the means of overcoming the helplessness and misery arising from the lack of food, shelter, health and protection.

SELF-ESTEEM. The extent one can become a person. This is the sense of one’s self-worth and self-respect, of not being used as a tool by others for their own selfish ends; authenticity, identity, varies from one society to another and from one culture to another.

FREEDOM FROM SERVITUDE. The extent that a person is free in making choices – in liberating oneself from alienating material and conditions of life and from social-servitude to nature, ignorance, dogmatic beliefs, and other people; involves the expanded range of choices for societies and their members.

Entrepreneurial spirit. is characterized by innovation and risk-taking, and is an essential part of a nation ability to succeed in an ever changing and increasingly competitive global marketplace.