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




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