The Role of Entrepreneurship in Alleviating Poverty in Developing Economies
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Abstract
Entrepreneurship has emerged as a critical driver of economic growth and development, particularly in developing economies where poverty remains a significant challenge. This review research paper explores the pivotal role of entrepreneurship in alleviating poverty, examining how entrepreneurial ventures contribute to economic diversification, job creation, and improved living standards. By focusing on the unique challenges faced by entrepreneurs in developing economies—such as limited access to capital, infrastructure deficits, and regulatory barriers—the paper highlights the importance of creating an enabling environment for entrepreneurial activities. Furthermore, it investigates the link between entrepreneurship and poverty reduction through the creation of sustainable businesses that empower local communities and stimulate innovation.