Abstract:
Small business and newly started business are the backbone of economy and these are
the sectors which provides all categories of jobs to the all categories of workers.
Policies that encourage the development of these entrepreneurship often consider the
large market, healthy policy and economy, which helps in proper circulation of the
money. For a developing economy like India, entrepreneurship would face heavy
competition from the internal and external players, they should be too quick enough in
their research and development, and in innovation. Employment is the main activity of
economic cycle, which helps in enduring economic growth, but in the course of
employment generation enterprises encounter with the factors which affect the
smoothness of generating employment and economic growth, and in this paper, we are
trying to find out few of them and evaluate those with association of factors and their
role in economic growth and employment generation. The paper is trying to portray a
possible effect of competitive environment on job creation and economic growth, with
the other possible constants faced by the entrepreneur while working in the open market
they are Innovation , demography ,government policies and cultural effect as these
variable are chosen after the systematic literature review. For the purpose of the study
we have gone through the numerous research article and works, with the help of
systematic literature review we are able to find out the variable of the study that has
explained in the paper, as this study is descriptive in nature and cover the few major
factors that plays a vital role in the process of economic growth and employment
generation followed by the entrepreneurial activity.
Description:
Fourteenth Biennial Conference on Entrepreneurship/ Edited by Rajeev Sharma, Sunil Shukla, Amit Kumar Dwivedi & Ganapathi Batthini
