Financing Entrepreneurship is Essential for Creating Job Opportunities
DOI:
https://doi.org/10.51699/cajitmf.v7i1.1145Keywords:
Labor market, entrepreneurship, financing, business entities, employment rate, unemployment, job, economic development (growth)Abstract
This research aims to explore the impact of entrepreneurship on the employment rate in the Republic of Uzbekistan. To explore the relationship between entrepreneurship and employment dynamics, this research examines how entrepreneurial activities influence job creation, job opportunities, and overall employment trends. Through a detailed analysis of a comprehensive dataset that includes various economic indicators related to entrepreneurship, such as business startups, self-employment rates, and factors of the entrepreneurial ecosystem, this study offers insights into how entrepreneurship affects employment. Entrepreneurial activities, including new business startups and self-employment, play a crucial role in job creation, especially in sectors driven by innovation, technology, and services. Moreover, entrepreneurship nurtures a dynamic and adaptable labor market, creating job opportunities and lowering unemployment rates. The study emphasizes the significance of supportive policies, access to financing, and a favorable regulatory environment in promoting entrepreneurship and its positive effects on employment. The findings underscore the importance of fostering and supporting entrepreneurial initiatives, offering resources and support mechanisms for startups, and cultivating an environment that promotes entrepreneurship. Entrepreneurial financing can stimulate employment growth, enhance competitiveness, and achieve sustainable economic prosperity.
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