The paper looks very briefly at the issues of entrepreneurship and its importance to economicdevelopment. These issues have permeated the business / management discourse in recent timesand are of particular importance to the developing world. Entrepreneurship lacks a universaldefinition. It plays a key role in respect rto0 economics development and therefore the paperbears relevance to all facets of economic and general development. The paper therefore attemptsto unpack these issues in an orderly manner, for purposes of understanding the terminology andits importance to a host of competing understanding and variables. By so doing it unpacks thevery subtle nuances that permeate the thinking that surround these issues.