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Entrepreneurship Table of Contents Table of Contents 2 Introduction 3 Statement of the Problem 3 Research Objectives 4 Research Question and Hypothesis 4 Background of the Study 5 Literature Review 5 Research Methodology 8 Limitations 9 Conclusion 9 Works Cited 10 Bibliography 12 Introduction Entrepreneurship is regarded as one of the major activities for fostering economic growth…
Economic progress takes place when entrepreneurs accelerate the generation, distribution and application of pioneering thoughts. Entrepreneurship not only takes advantage of new business prospects by proper distribution of resources, but it also pursues new potentials for resource utilization and thus re-draws the limitations of economic movement. As a result, entrepreneurial activities help to reduce the unemployment rate and poverty (Organisation for Economic Co-operation and Development, “Fostering Entrepreneurship”). Statement of the Problem The association between entrepreneurship and employment is covered with uncertainty. It can be stated that lower degree of entrepreneurship can result in low economic development which in turn can impact on the level of employment rate. Entrepreneurs can create new businesses and organizations, which generate job opportunities, therefore reducing the unemployment rate. On the other hand, new businesses and organizations are considered of having low rate of survival and growth due to huge competition in the market, thus this fact argues that entrepreneurship can lead to unemployment. ...
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