JEL Classification: F 43, L 26, O 31. DOI: https://doi.org/10.31521/modecon.V19(2020)-23 Achyut Nepal, Affiliated Honorary Research Fellow, Fil. Dr. Jan-U. Sandal Institute, Norway ORCID ID: 0000-0003-2597-6037 e-mail: provost@janusandal.no Entrepreneurship and Economic Development Introduction. An economic indicator can give an overall picture of the production, income and exchange of resources. The state practices to report theRead more