Ass 2

ASSIGNMENT- 2
NAME: SHEHLA SHAHID

STUDENT ID: 10925
COURSE ID: 106610
FACULTY: MISS ROZINA IMTIAZ
COURS ID: SOCIAL ADVOCACY
Question: Describe in detail the effort of a Social Entrepreneur
who transform the social capital in a way that effects the society
positively.
ANSWER:
Entrepreneurs work as the engine oil of the economic engine of any nation. The economic
success of a nation is a reward of the entrepreneurship success of a nation. An entrepreneur
does not the only the startup a small firm from big idea and dream but also contribute
much more than that towards nations economy.
It takes a lot of confidence and hard work to start own idea as a startup, but once one gets
success in doing so, there is a good flow of capital for an individual and nation as well.
Following are a few points that ensure that entrepreneurs play a vital role in the economic
growth of a nation-
Social capital sometimes enhances and sometimes obstructs entrepreneurship.

Social capital encourages entrepreneurship when people can access essential
resources via social networks, thus conserving their time and money.
Membership in multiple social networks also enhances people‘s mental capability
to perceive opportunity, additionally encouraging their entrepreneurship. Social
capital‘s obstruction occurs when closed social networks exclude prospective
entrepreneurs from essential resources, reward safety and mediocrities rather
than risk and entrepreneurship, or impose mental conformity upon network
participants.
Social capital can also provide access to human capital, in the form of skills,
expertise, knowledge, or information. The examples are numerous. Your
neighbour may be a plumber and be able to fix your leaking tap. They may do this
for free, or in exchange for other services, or in exchange for a potential future
‘favour’. Another example could be knowledge. Your friend may be landscaper
and be able to tell you which plants would be best for your garden. Or
information – a recommendation for a reliable mechanic. The examples of social
capital permeate every aspect of our lives.
Creating job opportunity:-

Entrepreneurs are not the job seekers but they are the job creators. It is very obvious that
every nation has a youth generation that is in hunt of the job. Startups give an opportunity
to the youngsters to showcase their creative front that they cannot explore if they work with
well known old firms as they only work in a preset manner.
Employment to every youngster in the nation is the actual boost to the economy of every
nation. Even government of India for sight role of entrepreneurs in a boost to nations
economy, that is why various initiative are taken by the government of India like Startup
India and the Make in India to attract foreign economy in Indian Economy and taking Indian
economy to global front.
Rural and Urban economy Development:-

Urban areas are quiet porn to industrial development that lead to the betterment of urban
lifestyle and economy.
Entrepreneurs start their firm in rural areas and it leads to the betterment of infrastructures
like improved roads, stable electricity, water supply and that further lead to improvement
like school, shopping malls and other development that lead to the development of a
nation’s economy. Center; and state government also promote entrepreneurs for overall
development.
National Income:-
Entrepreneurs produce goods and services and export the same globally. The growth of
various startup and industries and business leads to great public benefits in a nation but
along with that it also meets the demand of exports.
Increased demand for goods and services lead to an increase in the number of
entrepreneurs and hence it increases the flow of capital in the nation from global countries.
Entrepreneurship increases the flow of national income in the nation.
Entrepreneurship is innovation:-
Entrepreneurs are the people who make their own path and walk on it on their own terms.
Entrepreneurs always look at everything with a change vision. Entrepreneurs look for
different ways from which we can get maximum return in term of the minimum investment.
Entrepreneurs introduce various new techniques and innovations.
Entrepreneurship allows a nation to distribute the power of affecting the economy. If only
the famous industrialist holds all control to the industrial development of the nation then
they also have the tendency to corrupt and turn things evil for the nation’s economy for
their own benefit. But, entrepreneurs also contribute to the distribution of economic growth
of a nation.
Hence, we can say that with the development of a large number of entrepreneurs helps in
dispersing the power of economy among the population. Also, entrepreneurs can supply
quality goods at a low price as compared to the foreign companies, that not only save
money of a consumer but it also hinders the flow of capital from nation to foreign countries.
Money of the nation flows within the boundary of the nation only.
Entrepreneurship is very important to increase the productivity and capital formation of a
developed nation. So, it can be strongly said that that the development of the
entrepreneurship plays a vital role in the economic development of any nation to a great
extent. The growth of an entrepreneur is directly proportional to the economic development
of a nation.

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ASSIGNMENT- 2

NAME: SHEHLA SHAHID

Social capital sometimes enhances and sometimes obstructs entrepreneurship.

Creating job opportunity:-

Rural and Urban economy Development:-

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