Open Access
Journal Article
Entrepreneurship and Economic Resilience
by
Emma Jackson
EFRL 2021 3(1):17; 10.69610/j.efrl.20210315 - 15 March 2021
Abstract
The title "Entrepreneurship and Economic Resilience" serves as a focal point for this paper, which investigates the intricate relationship between entrepreneurial activities and the overall resilience of economies. The paper argues that entrepreneurship is a crucial driver of economic resilience, capable of fostering innovation, generating employment, and promoting economic gro
[...] Read more
The title "Entrepreneurship and Economic Resilience" serves as a focal point for this paper, which investigates the intricate relationship between entrepreneurial activities and the overall resilience of economies. The paper argues that entrepreneurship is a crucial driver of economic resilience, capable of fostering innovation, generating employment, and promoting economic growth. It examines the various mechanisms through which entrepreneurship contributes to resilience, including the creation of diverse industries, the encouragement of competition, and the development of adaptable business models. The study further analyzes case studies that illustrate how entrepreneurial ecosystems can withstand and recover from economic downturns. The findings suggest that supportive policies, access to capital, and a conducive regulatory environment are essential in nurturing entrepreneurial initiatives that bolster economic resilience. The paper concludes with recommendations for policymakers and stakeholders on how to foster an entrepreneurial culture that contributes to sustainable economic development.