Answer to Question #238302 in Economics for Amorette

Question

2.4 Write a proposal to the Minister of Trade and Industrialisation on how she can empower the youth that are currently street vendors to become big entrepreneurs. Concentrate more on the types of products she should concentrate on and what she should practically do to assist them to grow in their businesses. (8 marks

Answer 1

Dear Minister! If you want to help young people to grow their business, then you can organize training for young entrepreneurs, during which experienced business coaches will show them that business enlargement is an objective necessity and will tell them about the algorithms of actions, help to correctly determine the direction of activity and the form of conducting business. You also need to think about tax incentives and targeted loans at low-interest rates.