Benefits of entrepreneurship to the developing economies

Benefits of entrepreneurship to the developing economies

• Promotes job creation
• Promote production of a wide variety of goods
• Improves infrastructure of a country
• Promotes healthy competition hence production of high quality goods
• Enhances full exploitation of a country’s resource
• Promotes industrial development
• Provides consumer with variety of goods
• Promotes savings and investments
• Raises the living standards of citizens
• Reduction of rural urban migration
• It saves the country on importation of goods
• Leads to promotion of entrepreneurial culture
• Reduces foreign dominance of the economy