Abstract
This paper explores the emerging trend of entrepreneurship and social entrepreneurship globally as well as in Pakistan. It discusses, how entrepreneurship playsa central role in economic progression for developed countries like the United States and how it has the potential to play a pivotal role in the case of a developing country like Pakistan. According to various studies, Pakistan with the 175 million population is the 6th most populated county globally, having 60 percent of its population under the age of 25 years. A well trained, educated and entrepreneurial oriented population can be an asset for a developing economy. Literature has reviewed, discussed and pointed out main issues, difficulties, and opportunities about entrepreneurship in Pakistan; presents a working model of entrepreneurship that can foster entrepreneurship. Therefore, a conceptual framework is developed which further can be tested empirically. This study presents entrepreneurship as a way forward for the national development of Pakistan.
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