THE ROLE OF ENTREPRENEURSHIP DEVELOPMENT ON ECONOMIC GROWTH IN IRAN

Entrepreneurs are people who create new businesses, which help to create new jobs for people. Entrepreneurs play an important role in the economy growth through establishing firms, which in turn create markets and organizations. They have a positive role to make a serious fruitful competition in the market. Entrepreneurship is one of the main factors of economic growth and development besides the capital and manpower, which requires creative and innovative Entrepreneurs. This paper discourses the role of entrepreneurship development on economic growth in Iran, As the major part of economics in Iran is based on the crude oil, it is not too hard to predict days of deprivation caused by lose of the oil, entrepreneurship development can be an applied source for economic growth to eliminate unemployment in developing countries like Iran Ideas and concepts that are emerged by entrepreneurs, increase our knowledge regarding consumers preference. This can happen through introducing variations of existing products and services in the market. This speeds up innovation of new products in the market as a result of the longer working hours and more efficient nature of entrepreneurs as their income is directly linked with their working input. Entrepreneurship development leads to introduction of new products with new quality and value to customers. Their innovativeness introduces new ways of production and new markets that have not been exploited. It is through entrepreneurship that new sources of supply are discovered and creation of new business organizations which directly affect the economy is fulfilled. Therefore we can conclude that more entrepreneurship activities in an economic system can prevent probable economical failures to happen.

Keywords: Entrepreneurship development, Economic Growth, Iran