Topics
250 words
Topic

Entrepreneurship

Entrepreneurship is the process of identifying, developing, and scaling innovative solutions to market needs by assuming financial and operational risks to create value, employment, and economic growth.

Why it matters

  • Acts as a primary driver of job creation and poverty alleviation by diversifying the economic base.
  • Promotes technological innovation and industrial efficiency through competitive market dynamics.
  • Facilitates social transformation by empowering marginalized groups and fostering inclusive development.
  • Enhances national self-reliance by reducing import dependency through indigenous manufacturing and service delivery.

How it is asked

Focus on the role of the state in creating an enabling ecosystem, including ease of doing business, access to venture capital, intellectual property rights, and the integration of startups with the formal economy.