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The economic development comes into existence through intellectual process of mobilization, combination and allocation of productive resources and the same task is meaningfully carried out by entrepreneurship which is given life force by the entrepreneur. Entrepreneurship is a creative activity. It is the process of designing, launching and running a new business, which typically begins as a small business, such as a startup company, offering a product, process or service for sale and anfatcat:5lll3yfqnjgmfjoszpkm6lfqoa