Question

explain the statement poverty can be prevented by novel entrepreneurs
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Answer 1

Explanation:

Its mechanism is that entrepreneurs use poverty-stricken areas as commodity markets or sources of raw materials to increase employment there, promote regional economic development, and alleviate poverty.

Rather than viewing those in poverty as a market for goods, the solution lies in understanding how to help those living in poverty create their own businesses. Ultimately, entrepreneurship among those in poverty will create a long lasting solution to their poverty.

Individuals living in poverty remain a critical issue. This special issue focuses on how entrepreneurship can help to solve such poverty. Rather than viewing those in poverty as a market for goods, the solution lies in understanding how to help those living in poverty create their own businesses. Ultimately, entrepreneurship among those in poverty will create a long lasting solution to their poverty. Herein, we initially examine the extant knowledge about entrepreneurship. We then examine where future research on this important topic should move. Finally, we introduce the five articles that make up this special issue. These five articles came from the initial 71 submissions and enhance our knowledge about entrepreneurship as a pathway to reducing poverty.

Entrepreneurship refers to the concept of developing and managing a business venture in order to gain profit by taking several risks in the corporate world. Simply put, entrepreneurship is the willingness to start a new business.

Entrepreneurs create organizations that offer employment to millions of people. They convert resources into useful products and services. They create goods and services and improve the living standards of people in a country.