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Entrepreneurship plays a pivotal role in the economic and social development of a developing country. It acts as a key driver for economic growth by creating employment opportunities and generating wealth. In countries with limited industrialization and high population, entrepreneurship becomes a significant means of absorbing the workforce, especially the educated youth, thereby reducing unemployment and underemployment. Small and medium enterprises, often initiated by entrepreneurs, contribute significantly to the national GDP and serve as a backbone for the informal sector, which is substantial in developing economies. Entrepreneurship encourages innovation, which is crucial for improving productivity and efficiency. Entrepreneurs often identify gaps in the market and develop products or services that cater to unmet needs, thus enhancing the standard of living. __________ ________ ________ _____ _________ ______ _________.
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