. Entrepreneur Entrepreneur is an innovator of new ideas and business processes. He possesses management skills, strong team building abilities and essential leadership qualities to manage a business. Entrepreneurship Entrepreneurship is a process of action of an entrepreneur who undertakes to establish his enterprise.
It is the ability to create and build something. Role of an Entrepreneur Entrepreneurs play a most important role in the economic growth and development of a country’s economy. . They promote development of industries and help to remove regional disparities by industrialising rural and backward areas.
. They help the country to increase the GDP and Per Capita Income. . They promote capital formation by mobilising the idle savings of the citizens and country’s export trade.
. Entrepreneurs provide large-scale employment to artisans, technically qualified persons and professionals and try to maximise profits by innovations. . They enable the people to avail better quality goods at lower prices, which results in the improvement of their standard of living.
AM Industrial Clusters in Tamil Nadu I Choose the correct answer . ‘The Detroit of Asia’ is . a) Tuticorin b) Coimbatore c) Chennai d) Madurai . Pumpsets and motors are produced mostly in a) Salem b) Coimbatore c) Chennai d) Dharampuri .
are an essential aspect of a nation’s development. a) agriculture b) industry c) railway d) none of these . Tiruppur is known for a) Leather tanning b) Lock making c) Knitwear d) Agro-processing EXERCISE SUMMARY Industrial cluste rs are groups of firms in a defined geographic area that share common markets, technologies and skill requirements. Clusters may arise due to many factors.
Certain clusters evolve over a long time in history when artisans settle in one locality and evolve over centuries. The Coimbatore region also witnessed diversification from textiles to textile machinery, as well as agricultural machinery like electric motors and pumpsets for drawing ground water. Chennai is nicknamed as "The Detroit of Asia" because of its large auto industry base. GLOSSARY Agglomerations a mass or collection of things திரட்சிகள் Industrial Clusters Relating