TODAY -



E-Pao! Essay - Is entrepreneurship the key to economic rejuvenation?

Is entrepreneurship the key to economic rejuvenation?

By: Aheibam Joyshankar *



Just as a forest consists of trees so also an economy, it consists of entrepreneurs. It is their role which has a direct effect on the development of a society.

By entrepreneur, it is emphasizing here the creative role it plays in building national economy. It is high time that our society appreciate their unique role in terms of enhancing the GDP, employment generation, and as an important economic institution whereby an individual can create job not only for himself but also for others.

It is an institution which enlivens families as it creates jobs and enhanced productivity for prosperity through ones initiatives. Thus the positive impacts of enterprise are unbound.

Beside we have seen powerful and ethical concepts are in the forefront now just as the corporate governance issues and concepts which bind the businesses to be more accountable socially, legally, environmentally and user friendly wise.

There are lots of misinterpretations and tendency to distort the concept of free trade, somehow in the name of social justice, the great concept of the INVISIBLE HAND is diluted. According to Adam smith, the economic system is guided by the ?invisible hand?. A great concept!

According to the concept of the invisible hand, the economic system is self regulating. Say producers are led by the profit motive to produce those goods and services which consumers want. They try to do at the minimum possible cost in order to maximize profits.

Moreover, if there is competition among a number of producers, they will each try to keep the price of their product low in order to attract the consumers. The goods produced are made available in the market by the traders. They also act in their own self interest.

However, in a self regulating economy, there is rarely any shortage of goods and services. And the economy is vibrant to cater to the ever increasing needs and demand of the consumer.

Every society strives for excellence. Progressive societies prioritized and value the institution of entrepreneurship because it fuels the economic activities.

Why can,nt we appreciate this great institution and paid its due regard? Don?t you think it may have the potential to rejuvenate the state economy?

Now from this level of internal contradiction and inertia that is prevailing in the Manipur society, it will be an uphill task to energize the economy and put on tract-the lost path of growth and order.

We may consider this option -just as sustaining a forest needs to plant more trees, we also need to plant more and more entrepreneurial seed to sustain the economy.

And with the kind of opportunity which is availing as globalization and internet technology revolution unveil; one can say sky is the limit to create wealth. One can think global, and act locally.

Lastly it is high time that the people of the Land show up some reasonable restraint and give some space for thought.

Is entrepreneurship the key to economic rejuvenation?


* Aheibam Joyshankar contributes for the first time to E-pao.net
The writer can be reached at jshank_m1@yahoo.com
This article was webcasted on May 30th, 2006



* Comments posted by users in this discussion thread and other parts of this site are opinions of the individuals posting them (whose user ID is displayed alongside) and not the views of e-pao.net. We strongly recommend that users exercise responsibility, sensitivity and caution over language while writing your opinions which will be seen and read by other users. Please read a complete Guideline on using comments on this website.




LATEST IN E-PAO.NET
  • Tripartite Talk: GOI/GOM/UNC :: Gallery
  • Governor's Cup Fencing :: Gallery
  • 13 Aug @Kangla & BT Park :: Gallery
  • Bruce Dickinson: "son-rise" of Iron Maiden
  • Biren should learn from Mamata Banerjee
  • The globe is in your fist
  • AR I-Day festivities with Myanmar army
  • AR celebrates 71st Independence day
  • Unconstitutionality of TR Government
  • Stadium upgrade for I-League
  • NE film festival in Delhi from Aug 18
  • Myanmarese advised to follow traffic rules
  • The human torch and AFSPA
  • The real taste of Independence Day
  • Mission XI football @ Andro :: Gallery
  • Krishna Janma @ Mahabali :: Gallery
  • Blood Donation for 13 August:: Gallery
  • Mahabali Temple , Imphal :: 360 ° View
  • Graphic & plastic arts of Zeliangrong #3
  • Silence :: Poem
  • Sport Univ: Promises kept but corruption?
  • Job requirements at SKY Hospital
  • Jobs @ National Informatics Centre (NIC)
  • I-Day Celebration at BJP State Office
  • Celebrations amid militant boycott call
  • 3 Manipur terrorists arrested in Delhi
  • NSCN/GPRN condemns raid
  • NSCN-K signing hinges on cross-border..
  • Meira Rally on Patriots' Day #1 :: Gallery
  • Patriots' Day @ Kolkata :: Gallery
  • 26th NAMA Convention Report, Houston, TX
  • Forming Plurals in Manipuri Language
  • Mammography and frequently ask question
  • Indo-Naga Talks 2017 :: News Timeline
  • NPF Office Bearers reaffirm support
  • DAN Co-ordination Meeting Resolutions
  • India and China: From rivalry to enmity
  • For better tomorrows
  • Security forces round up NSCN (IM) cadres
  • Survey 'finds' jumbos in Manipur
  • Kirti Chakra for brave major
  • President medal for IPS officer- Robin Hibu
  • 13 August @Hicham Yaichampat :: Gallery
  • Achingliu, Haokhulan, Hiyaichenbi: eMing
  • Patriots' Day @ Hojai, Assam :: Gallery
  • Protest: malpractices of MPSC :: Gallery
  • On MPSC scam & people defending it
  • 126th Patriots' Day observed in Delhi
  • 126th Patriots' Day observed in Hojai
  • Lajong U-12 to represent India in BRICS
  • Learn something from 2015 experience
  • The district creation headache
  • State Thang-Ta Competition :: Gallery
  • Search operation [Aug 12] :: Gallery
  • 13 August Patriots' Day : Read all about it
  • Thangal General : The Patriot
  • Proxy examination and Wrong politics
  • Women should not live in fear ....
  • Summer Thoughts :: Poem
  • NPF Youth serve Ultimatum to Rio
  • A slap on the face of Christianity
  • U-Morok @ Shirarakhong :: Gallery
  • Dangers of 'Trial by Media' & the MPSC
  • Is Culture of insensible activism taking root
  • Meiteilon never been Tibeto-Burman
  • Mechanized threshing of foodgrains #2
  • ZSUB Foundation Day, Fresher's Meeting
  • Sadar Hills District Demand: News Timeline
  • Breaking the barrier
  • Natural Body Building #3 :: Gallery
  • National Handloom Day @ GHY :: Gallery
  • Chirom Indira shine in hearts of NE Weavers
  • Inner Line Permit (ILP) Demand : Timeline
  • Investigate killings as ordered by SC
  • MSTC CMD met with CM of Manipur
  • Conspiracy behind the toppling game
  • Armed groups attack..a human right abuse
  • Drawing Competition at Khengjoi, Chandel
  • Govt firm on protecting indigenous people
  • Suspension of Operation term extended
  • Rs 100 cr allotted to study NE floods
  • Save the indigenous people cry : Valley..
  • A matter need to ponder
  • Earthen wares of Ningthemcha Karong
  • Indigenous Wrestling @ SPT #2 :: Gallery
  • Awunching Biodiversity Park #3 :: 360 ° View
  • XXVIII State Thang-Ta Competition 2017
  • India's HLPF review of SDGs & Manipur
  • Robotics as career options
  • International Day of Indigenous People
  • Rejoinder Issued By Shurhozelie Liezietsu
  • Hard facts of political crisis (Nagaland)
  • Viewing through one's community
  • Darkening shadows of doubt
  • Ziumi village, Maram Landscape:: Gallery
  • Inter School Handball Tournament :: Gallery
  • The Proud Bamboo Tree :: Folk Tale
  • Populated Attitudes :: Poem
  • Marijuana, Mahadev and Maneka
  • Notice for MSc Biochemistry Admissions
  • The Killing Fields :: News Timeline
  • Assam edition of NE India Fashion Week
  • Being different from Cong Govt
  • Cracking down on fraudulence
  • Hanuba-hanubi paan thaba :: Funga Wari
  • ... All The Flowers Gone? #1 :: Gallery
  • Need to bust racket running inside MPSC
  • Will PM Modi betray Assam in No ST, no rest
  • State Level Essay Writing Competition
  • RIST Condolence Function at MU
  • When we stumble and fall
  • Customer Care Executive @ basicP, Imphal
  • Petition for Disqualification of 10 MLAs
  • Cracking down on fraudulence
  • Rape of small newspaper
  • Landscape of Ukhrul District #2:: Gallery
  • Jhulon Nupi Pala Phamsak :: Gallery
  • TR is CM by technicality sans Legality
  • One Day in Heaven :: Poem
  • Libraries Vs Google: Are we heading there
  • ..for electrical distribution rearrangement
  • Lessons to learn from CCpur: public hygiene
  • Angaoba Film Scenes #1 :: eRang
  • Eyek Tamba :: Learn Manipuri script
  • The dawn of cricket in Manipur
  • Lumbini Leikolda Shat-houba Leirang
  • Workshop on MU Reservations held
  • Job posting at C-DAC Silchar
  • Lafikul murdered to stir communal tension
  • Wayward rules of law
  • Indigenous Wrestling @ SPT #1 :: Gallery
  • Tourist Watch Tower, Khongjom #4 :: 360 °
  • Admission for B.Ed at Manipur University
  • The Evening Blues :: Poem
  • A village called Nbena :: Book Review
  • Employment Generating Hands on Skill
  • Unnatural death of Sainik School student
  • Condemns killing of KNO/KNLF leader
  • AR conducts Pre Recruitment Training
  • Makeshift sheds at Lamphel
  • For a clean future generation
  • Mr Maipak Body Building #2:: Gallery
  • CM referring to ST Comm is ultra vires
  • VIP culture out, VVVIP culture in
  • Be an unchained raindrop :: Poem
  • Holistic education : Trends & challenges
  • Jobs - Going Officers Pamjei
  • Providing Various Health Benefit Plans
  • larification to Tokheho's recollections
  • SoO groups in the news for wrong reasons
  • Confession
  • Nongbrang, bank of Thoubal River :: Gallery
  • Pukpha Fest @Tamenglong :: Gallery
  • Binalakshmi Nepram at UN, NYC : 1 Aug
  • Free Computer Course by KEN @ Imphal
  • Where is the justice in mob justice
  • Ishu : Feature Film in Assamese :: Review
  • Flood: State efforts are too little too late
  • Crisis within NPF unfortunate : KG Kenye
  • decision-making body of NPF resolve: 2 Aug
  • NPF Legislature Party Statement : 2 Aug
  • ..honoring martyrs by raising Tri-colour
  • ..strong Opposition: Cong MLA striving hard
  • Battle Of Khongjom & Manipuris in 1891 #3
  • Khongjom War Memorial #2 :: 360 ° View
  • Oops! They've Done It Again!
  • Photography: Career through lenses
  • Mega Marathon Manipur : Download Form
  • Chemical Ecology: Info for college/Univs
  • Jobs - Nursing Aides in Singapore
  • NPF responds to MLAs' demand
  • Overlooking one's own Cabinet decision
  • Potential of our state
  • Drinking joints in a dry State : Liquor tragedy
  • Landscape of Manipur #7: Wallpaper
  • Singcha Wayawon opening #2:: Gallery
  • Meetei bears more tribal characters ...
  • The slumbering Beauty :: Poem
  • Selected to Global Shapers Imphal Hub
  • NPF Legislature Party Meeting on 31st July
  • Indo Myanmar Post Level Meeting at Onzia
  • Notice: Employment Exchange Imphal East
  • The unintended windfall
  • Singcha Wuya Won (flower) #2:: Gallery
  • Hepatitis C is upto 95 pc curable
  • Sit-in-Demand : ST Demand Committee
  • Police na maheiroi singda kahenba..
  • Manung Kangjeibung, Kangla :: 360 ° View
  • My visit to Shri Lanka #4
  • 1st Mao Market day @Nagamapal:: Gallery
  • ILP : Students protest [27 July] :: Gallery
  • Shwedagon Pagoda in Yangon #2 :: Gallery
  • Nomination for State Journalist Awards
  • Rare historical stone inscription #1
  • Singcha Wayawon opening #1:: Gallery
  • Huidrom Kirankr- Fellowhsip for Thang-Ta
  • Ethoi Oinam (Actress) #2 :: eRang Photos
  • Echum Lairembi, Khurkhul #3:: Gallery
  • Tapta :: Funga Wari
  • Nungbi Khullen, Ukhrul #1 :: Gallery
  • NH-102 (Maram road) landslide :: Gallery
  • Featured Photo for 2017 #3 :: Gallery
  • Landslide at Jiribam Highway #2 :: Gallery
  • Tribute to Sapam Robinhood #2 :: Gallery
  • Lai Khong Chingba @Thangjing #4
  • Manipur Sangai Festival 2016 #5 : Ooba
  • SPONSORED ADS