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Entrepreneurship is a major factor in economic development and growth. Entrepreneurship produces both small businesses and large corporations that provide jobs and fuel the economy with more money.
growth of employers' association
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There are varied roles of entrepreneurship in Nigeria economic. The main role is to help in growth and development of the economy and creating employment for most people among others.
Human capital development in Nigeria enhances economic growth by equipping the workforce with essential skills and knowledge, leading to increased productivity and innovation. It also addresses unemployment by fostering entrepreneurship and improving employability among the youth. Furthermore, investing in education and health contributes to social stability and reduces poverty, ultimately promoting a more equitable society. Overall, it positions Nigeria to better compete in the global economy.
With the contribution entrepreneurship, many industries and companies have been set up in the area of growth and development.
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entrepreneurship helps create a balanced regional development. i.e growth of industries and businesses leads to a lot of public benefits in different areas.
Personal will and desire.
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Cultural factors that influence entrepreneurship growth in Kenya include the communal values that emphasize collaboration and support within local communities, fostering a conducive environment for small business initiatives. Additionally, the rising acceptance of entrepreneurship as a viable career path, particularly among the youth, encourages innovation and risk-taking. However, traditional norms and gender roles can also hinder women's participation in entrepreneurial activities, affecting overall growth. Furthermore, the emphasis on education and skill development within certain communities can enhance entrepreneurial capabilities and drive economic development.
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