Monday, September 30, 2013

The Impact Of Community Entrepreneurship In The Economy

By Paulette Short


Poor policies and lack of proper planning techniques are the cause of the world economic problems. The classical economists opted that the market forces are capable of solving the market problems. However this has not been the case in the long run as was experienced in the late nineteen thirties. The overall impact of this is the emergence of high rate of inflation and unemployment which give rise to extreme poverty in the long run. To contain these, a good economic project known as community entrepreneurship has been rolled out.

This is majorly done by having students going through vigorous training on how to understand the need and satisfaction of the people in that society and even acquiring the basic skills that are helpful in initiating good business enterprise to solve the local problems.

On their graduation or completion, the students are given the task of practicing what they have learnt so far to ensure that actually that which was initially intended for the whole training. Training is good and only beneficial when the skills and expertise is put into practice.

The social responsibility in particular is aimed at improving the social welfare of the society. This can be achieved through such activities like having social events, setting up social training centers where the people can be trained on the basic survival skills. By having such centers ensure that mainly the youth do not engage on the activities that are contrary to the moral standards of the society.

This is done to enhance peaceful coexistence in the market. The community development and growth is usually long term in nature. It therefore requires a comprehensive growth strategy and projects that will oversee the achievement of growth in the long run.

The social responsibility also entails such activities like environmental cleaning, tree planting, environmental conservation through garbage collection. These are meant to create a healthy environment and atmosphere. The environment which is devoid of health crisis like spread of pandemic disease and catastrophic. This is aimed at addressing both the long term and current societal problems.

Another important issue being looked during the training is the development and growth of the economy within the community. This usually involves the aspect of planning of the long term strategies and activities that will eventually encourage economic growth.

On the other hand, basic services like clean water, disease eradication and electricity and other public services are provided. The community entrepreneurship possesses a critical role in the society and this is evident in the rampant growth of small towns within the society. With numerous investments taking shape at local level the impact can be felt.

The community entrepreneurship is very important and has helped various communities or local societies achieve the long turn development and growth of economy. When every labor is employed in the market, there is high production of consumer goods. This leads to economic stability and growth.




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