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
  • Tribes, Art & Soul of India #1: Gallery
  • Rally against Mob Lynching #1: Gallery
  • 'Sahnit' an honour or a disgrace
  • Irabot : Socio-Political Challenges
  • Training employees for better governance
  • Blue Ocean :: Poem
  • Sextortion: Making money from shame
  • Condemn murder of Neiphretuo Metsie
  • Social lacunae
  • BJP on poll drive at Imphal, Kohima
  • Mary Kom lost 2 kg in 4 hours
  • Historical Evaluation of Puya Meithaba #2
  • Felicitation of Sportsperson: Gallery
  • ICJ: Investigation of Extrajudicial Killing
  • Legal profession as career option #2
  • Loktak Down Stream HE Project (2x33MW)
  • Protest against mob lynching at DU
  • Ripples of Music :: Poem
  • Memo submitted to CM over lynching
  • Poems of Peace, Resistance ...
  • Helicopter Schedule for Imphal-Jiri
  • Mirabai recommended for Khel Ratna
  • Martyrdom of Haipou Jadonang #3: Gallery
  • Manipur State is still winning..
  • Gazetteer of North-East India :: Book
  • Sunfeast Cup Football Tournament
  • Trip down memory lane
  • Naga Peace Process :: News Timeline
  • Folk Song :: Poem
  • The Endureres at Dwarka Half Marathon
  • Main accused in cop slaying nabbed
  • Naga talks not confined to Nagaland..
  • Trekking to Dzukou Valley #1 : Gallery
  • Rest in Peace Humanity
  • Ph Banti's artwork 'Trafficking of children'
  • Cry of a Dying River - 45 :: Poem
  • Buddhism is not a religion
  • Jobs at R-Square Design
  • The Killing Fields 2013-18 : News Timeline
  • Candle Light at DU over lynching
  • Society as a reflection of govt
  • Mobocracy : Shame on Manipur
  • Kuki Black Day @CCpur : Gallery
  • miAoIbgi pNTuH :: Seireng
  • Apikcha, Apaiba, Tinilung :: eMing
  • An opinion on Tharoijam killing
  • How Manipur lost internal autonomy, Kabaw
  • Admission for PhD at Tripura Univ
  • Meefam ST at Nambol, Khangabok
  • Importance of Forest & Environment
  • Deep social divide: Two different folks?
  • Kuki Black Day: Kukis Will never forget
  • R & V Art House's First Art Fest 2018
  • Celebrating International Literacy Day, 2018
  • Born a Kuki, die a Kuki :: Poem
  • History of North East India :: Book
  • Will SimpliciTB make TB treatment simpler
  • Meefam chathaduna ST gi issue..
  • Dipankar Talukdar- Mr Model of World Star
  • System error- who will fix Broken Window
  • Reshuffle Talks : Say No to Yes Me
  • India negotiating vehicle pact with Myanmar
  • Chalwa Village, Kangpokpi #2 : Gallery
  • Thien & its downfall in Zeliangrong #2
  • Is FA a self exposed daylight robbery?
  • Nation Needs Small Farmers
  • Who is programming you ?
  • Bandhs as dissent & survival of laziest
  • Looking for Raju :: Poem
  • The cry of the 2nd class citizen
  • Bharat Bandh in Imphal
  • Historical Evaluation of Puya Meithaba #1
  • Sit-In: Naga Peace Talk #2 : Gallery
  • Naga-Kuki conflict: Search for definitions
  • Mega Marathon Manipur : Download Form
  • Legal profession as career option
  • Guv felicitates 5 JAK RIF for flood relief
  • Stored Anger :: Book Review
  • On stepping into the 20th year of TSE
  • Sept - month which reinstated our courage
  • Krishna Janma @ISKCON #2 : Gallery
  • Empty :: Poem
  • Lets beat littering - plastics pollution
  • NEHU Seminar : Urbanization in India
  • Jobs at JCRE Skill Solutions
  • Declaration of Naga Collective Spirit [Sep 8]
  • Akanba Khongjangidamak Yathokpa Loire
  • Support for STDC from UMA, Assam
  • 'Deplorable power supply in Nagaland'
  • Tryst with destiny - Should we accept ?
  • Stand off at MU : Impact on LS Poll
  • Exploring the enthralling Tuilha Kol
  • Kamesh Salam : Outstanding Green Activist
  • The Valley Of Brahmaputra :: Book
  • Development of road database
  • The inner page story :: Poem
  • Kakching WW-II Memorial Run 2018
  • STDC public meeting at Langathel Keithel
  • Maibi Jagoi at Sangai Fest : Gallery
  • My poll without prejudice to anyone
  • MEETAC - Mission for streamlining TK
  • Conditions leading to Marxism
  • Heart Camp at Khelakhong, Thoubal
  • Cyber bully: Crime that follows you home
  • Bhupen Hazarika : Tribute at London
  • AEP & Importance of Myanmar & NE
  • Political pandemonium
  • Students central to MU issue
  • Landscape from Koubru #2 : Gallery
  • Leishangthem Robert for Mr. World 2018
  • Oinam Shilla Chanu at Mrs India Earth
  • North-east Frontier Of India :: Book
  • Thien & its downfall in Zeliangrong #1
  • Cry of a Dying River - 44 :: Poem
  • JRF Post at Mizoram University
  • Honours to Bamboo; a ubiquitous gift
  • Case of hunter now being huntedr
  • Chaklam Khongchat Numit #3 : Gallery
  • Women Empowerment & judicial Activism
  • Narin Chenggum - wild edible mushroom
  • Flying Star at your lips :: Poem
  • Out of the box thinking
  • Call centre fraud: Vicious vishing attack
  • Changing India & its impact on Manipur
  • MU stand off gets uglier
  • Tikendrajit : The Lion of Manipur #4
  • Krishna Janma @Mahabali #1 : Gallery
  • Eastern Frontier of India :: Book Review
  • Remembering Radhakrishnan ..
  • Moments to cherish :: Poem
  • Glimpse of the Buddha's teaching
  • NH7 Weekender Express Editions
  • Rejoinder to NDPP from NPF [05 Sep]
  • Mental equation
  • Are teachers teaching ? Apt, timely poser
  • Sirarakhong Hathei Phanit @Ukhrul : Gallery
  • Sit-In: Naga Peace Talk #1 : Gallery
  • Globalization, Act East Policy & Manipur
  • Review on anthology of Parthajit Borah
  • Inner Line Permit (ILP) Demand :: Timeline
  • Child Friendly Police Stations proposed
  • ADBU Goes Green with Solar Energy
  • Convocation of Assam Don Bosco
  • Fetal Echocardiography - Seminar held
  • Rejoinder to NPF from NDPP [04 Sep]
  • Divide, divert and rule will not work
  • FA, MU crisis : Issues before LS polls
  • Krishna Janma @ISKCON #1 : Gallery
  • Komrem Student Day @Bangalore : Gallery
  • September Calendar for Year 2018 :: Tools
  • The Coils of Pakhangba :: Book
  • Physics Program in Don Bosco, Tura
  • Condemns MU VC's vindictive stance
  • 'Policy of India to suppress people'
  • NDPP congratulates Abu Metha
  • Pandey back at MU! Violating spirit of MoA
  • Exhibition @ Art College #2: Gallery
  • AMWJU Sit-In-Protest : Gallery
  • Shri Krishna Janmasthami :: Book
  • Life's heck :: Poem
  • Environment & lung health are vital
  • Innovation for the common man
  • Humanitarian crisis with NRC in Assam
  • Rejoinder to NDPP from NPF [02 Sep]
  • Jangou Rah : eRang Classic
  • The Story of 40 Pineapple Suckers
  • Rebirth of Manipur Human Rights Comm
  • Yumkhaibam Nanao Eramdam Yaourakhre
  • Lecture: Governance & Public Services
  • X-rated poem :: Poem
  • Ningol Chakkouba Celebration in Delhi
  • Baton changes hands at IGAR (South)
  • Rejoinder to NPF from NDPP [01 Sept]
  • A Wake-up call
  • Lok Sabha polls : More crucial for BJP
  • Martyrdom of Haipou Jadonang #2: Gallery
  • Chaklam Khongchat Numit #2 : Gallery
  • The World of Kuki People :: Book
  • Effects of the Burning of Meitei Puyas
  • Soil Technician required at MaolKeki
  • Jr. Mr. India 2018, Gyanendra Thokchom
  • Rejoinder to HTC & allies' statement
  • Consensual sex..Does it amount to rape ?
  • Need for all to keep their sanity
  • Sanagi Tenawa :: Funga Wari
  • MU: Den of Insurgents or Den of Ideas?
  • Can NRC Update save Assam and NE ?
  • Victim of Enforced Disappearances
  • Admission for Ph.D. at Tripura University
  • Martyrdom of Haipou Jadonang #1: Gallery
  • Physics Program in Don Bosco College
  • Resolution: Right of Human Right Defender
  • Advancing rights of Human Right Defender
  • Dolaithabi Dam , Senapati : Gallery
  • Eid-Ul-Adhaa Festival #2 : Gallery
  • Chaklam Khongchat Numit #1 : Gallery
  • 47th Nagas Annual Meet at Mumbai
  • Transcending Patriots' Day(s) #4
  • Sangai Fest: Fashion Show #2 : Gallery
  • Tikendrajit : The Lion of Manipur #3
  • Dr. Jodhachandra Sanasam : Sahitya
  • Architects announces 1st MADE 2018
  • Expedite FA Rally #2 : Gallery
  • Billie's Book by Ranjeeta Mayanglambam
  • Shougrakpam Bijaya :: A Profile
  • Eyek Tamba :: Learn Manipuri script
  • Disputed Myanmar Border Pillar : Gallery
  • Front Page Photo 2018 #3: Gallery
  • Dzuko valley #4 :: 360 Panorama View
  • Manglandasu Nang - OST :: e-pao Radio
  • Temples of Manipur : Gallery
  • Old Manipuri Movie #1 :: eRang Classic
  • SPONSORED ADS