International Journal of Research in Finance and Management
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E-ISSN: 2617-5762|P-ISSN: 2617-5754

2024, Vol. 7, Issue 1

Fostering economic resilience: Evaluating the efficacy of entrepreneurship as a sustainable solution to long-term unemployment

Debajyoti Sarkar and Dr. Hara Kanta Nath

This research aims to investigate the role of entrepreneurship as a sustainable long-term solution for addressing unemployment and fostering economic resilience. In light of dynamic global economic challenges, unemployment remains a persistent issue that requires innovative approaches. This study seeks to contribute to existing knowledge by examining how entrepreneurship can act as a catalyst for economic resilience and job creation. The research employs a comprehensive methodology, integrating qualitative and quantitative analyses, case studies, and interviews with entrepreneurs, policymakers, and experts. The study aims to identify key factors that contribute to the success of entrepreneurial ventures in reducing unemployment and to examine how entrepreneurship can adapt to different economic contexts and societal challenges. Key focal points include identifying barriers to entrepreneurship, assessing the impact of entrepreneurial ecosystems on job creation, and developing effective policies to encourage entrepreneurial initiatives. Additionally, the study will explore the role of education and skill development in enhancing the entrepreneurial landscape, as well as the potential of technology and innovation to drive entrepreneurial growth.
By synthesizing findings from various geographical regions and economic contexts, the research seeks to provide a nuanced understanding of the relationship between entrepreneurship and unemployment. The ultimate goal is to offer insights and recommendations that can inform policymakers, entrepreneurs, and stakeholders in developing strategies for fostering economic resilience through sustainable entrepreneurial practices. Through its holistic approach, this research aims to contribute valuable insights to the ongoing discourse on unemployment, promoting a shift towards a more entrepreneurial and resilient economic model. The study aspires to provide a foundation for evidence-based policymaking and practical solutions that empower individuals, communities, and nations to address unemployment and build a sustainable and resilient economic future.
Pages : 454-464 | 122 Views | 46 Downloads

International Journal of Research in Finance and Management
How to cite this article:
Debajyoti Sarkar, Dr. Hara Kanta Nath. Fostering economic resilience: Evaluating the efficacy of entrepreneurship as a sustainable solution to long-term unemployment. Int J Res Finance Manage 2024;7(1):454-464. DOI: 10.33545/26175754.2024.v7.i1e.326
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