Entrepreneurship: A rising way leading to economic development in Bangladesh

The purpose of this paper is to explore the prospects as well as challenges in implementing entrepreneurship in Bangladesh to facilitate economic development. However, a comparative evaluation has also been depicted between job and entrepreneurship to show the better position of the concept. The impact of covid-19 is also taken into account. Primary data has been collected from a sample of 235 respondents from entrepreneurs, employed and unemployed youth. Several hypotheses have been formulated and tested along with the consideration of multiple correlations. A conceptual framework is established which states the factors affecting the emergence of entrepreneurship in Bangladesh. The study aims at evaluating the current status of job market and reasons pursuing the youth towards entrepreneurship as a good means of earning livelihood and playing a role in the economy and society by mitigating the severe problem of unemployment to a great extent finally, the model depicts all the relevance regarding the fitness and consistency. Overall, entrepreneurship is a rising concept which will play significant role if taken into account with momentousness.