Question

Discuss three ways in which entrepreneurship can help to combat unemployment and improve the economy of South Africa

Answer 1

Here are the three ways :

1. Opening job opportunities for the people
Let's say for example that you open a small restaurant, you need at least 3 people to run it, which means 2 new people will get a job opportunity

2. It's generate more taxes for the country
More profitable business that exist in the country means that more income the government could get to distribute welfare to the people

3. It's attracting foreign investment
This will strengthen the value of the country;s currency