The purpose of this research study was to explore the entrepreneurial self-efficacy and intentions of public and private secondary school teachers towards entrepreneurship. Further the study will assess the skills level of schools teachers and their motivation for opting entrepreneurship and the study will be helpful to various stakeholders such as government, school teachers and administrators, students and policy maker in order to get awareness about entrepreneurial self-efficacy and intentions of public and private secondary school teachers towards entrepreneurship. For this research study the following review of related literature is conducted.
2.1. Entrepreneurship
Now a days, entrepreneurship is most frequently viewed as bearing risk and business novelty. Joseph Schumpeter, perhaps the most significant pioneer in the area views novelty as the significant relation between economic growth and entrepreneurship (Schumpeter, 1934). According to him, economic development is a range of series of latest markets, organizations, processes, and sources all of which are a product of entrepreneurial activity (Barreto 1989). As a result of innovation and entrepreneurial process, the old things remove with new ones with the help of trial and error as well as by reallocation of capital and labor from old to new. It has been proved that the efficiency of new enterprise is much better than the older one (Haltiwanger 2000). Risk taking and innovation are very important aspects of