Ways entrepreneurship has tackled unemployment.

[Axis]

In most areas of west Africa, unemployment has been a big problem and this has results as a result of leaders who rule over this countries not caring about the welfare and the financial existence of their citizens and so in order to survive majority of these individuals engage in what is known as entrepreneurship which involve is establishing businesses whether in large or small scale in order to earn and start a living.

Entrepreneurship in all ramification is good, and in fact through entrepreneurship the world is of course a better place the way it is today. With entrepreneurship majority of individuals have learned how to become industrious and also to fend for themselves rather than blaming the government of their country for their brokenness and financial instability. Entrepreneurship has therefore become more effective now that modernization and technology is reaching a higher scale. Entrepreneurship is a vast Idea of development which a whole lot of business ideas which an individual can of course think about.

 

[Good-Guy]

There are many ways entrepreneurship could be used if you want to use it to counter the problem of unemployment. Unfortunately, unemployment is a really huge issue and this is not a new issue. Some research has suggested that unemployment has increased since early 2000s in many countries.

Entrepreneurship creates job opportunities in different manners

Entrepreneurship could increase the chances of people getting new jobs. This is because when an entrepreneur launches a business, he may need people so that they could work for him. However, a business venture is not able to offer job opportunities to all the people, so only people in the relevant field may be able to get a job/

Entrepreneurship is dependent on investments

We may need to start a new business, but we may need capital to do so. This is why circulation of wealth in an economy is very important if we want to create job opportunities. If wealth is not circulated properly, then entrepreneurs may find it quite hard to start a business and they may fail to create job opportunities in any country.

Foreign investments matter

In many cases, entrepreneurship may require foreign investments as well. Foreign investments can help entrepreneurs to start a new business. When new businesses get started, they may help raise the chances of getting a job in any country.