Definition Of Entrepreneur According To World Bank

The world bank collaborates with cbos national and international ngos in a variety of different ways.

Definition of entrepreneur according to world bank. The entrepreneur is commonly seen as an innovator a source of new ideas. According to this world bank classification. World bank have not published or defined specific definition on the sme. Pursuit implies a singular relentless focus.

An entrepreneur is an individual who creates a new business bearing most of the risks and enjoying most of the rewards. Different dimensions have been used to explain the term. The definitions also vary with the passes of time. According to stevenson entrepreneurship is the pursuit of opportunity beyond resources controlled.

There is no one consensual definition of the term among the experts. Currently the world bank has two stated goals that it aims to achieve by 2030 the first is to end extreme poverty by decreasing the number of people living on less than 1 90 a day to below 3 of. The boundaries colors denominations and other information shown on any map in this work do not imply any judgment on the part of the world bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. The world bank defines ngos as private organizations that pursue activities to relieve suffering promote the interests of the poor protect the environment provide basic social services or undertake community development.

The figures of gni per capita of different countries used belong to the world bank fiscal year ending on june 30 of the year. The term entrepreneur refers to individuals who prefer to make their professional careers running businesses themselves rather than getting employed at another company or organisation. The world bank does not guarantee the accuracy of the data included in this work. I low income countries are those with gni per capita of 1035 or less in 2012 the latest year which is presently available.