Discuss 3 ways in which entrepreneurship can to combat unemployment and improve the economy of south africa

Entrepreneurship is defined as the process of designing, launching and running a new business, which is often initially a small one. Entrepreneurship can help combat unemployment and improve the economy of South Africa in these 3 ways:

When a new business appears on the market, this means that new job opportunities will appear. And as most entrepreneurship start small, they have growth opportunities meaning that as they grow they will need more people to fit in for new roles. This is a great help to combat unemployment levels in the community.The more entrepreneurs start launching their businesses, and the more this businesses start to be successful, the more need for competition in the specific field. This means that more businesses will be created, and thus more job opportunities with them. As more entrepreneurs appear, more businesses are created.By combating the unemployment with new job opportunities, there is also an increase of spending, as people now have funds to buy more products/services. This helps to reactivate the economy of the community.

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