Question

Purpose Create a policy proposal that will increase youth social entrepreneurship in a developing

nation.
Time 3 hours
Questions How can government policies support and sustain innovative, community-focused, youthrun small businesses?
Resources Entrepreneurship Policy Framework and Implementation Guidance
World Bank Website
Additional research for your selected topic
Supporting Documents:
• Entrepreneurship and Microenterprise Policy Proposal Template
• Editing Checklist for Written Tasks
• Written Task Rubric
• Post-Project Reflection Questions
Summary Imagine that you are an economic policymaker for a small developing nation. Use what
you have learned about public policy, entrepreneurship, and microenterprise to craft a
proposal for legislation that will support and sustain youth entrepreneurship. In particular,
consider policies and programs that will encourage young people to start small
businesses that are both economically and socially beneficial.

This is the entruprunership and microenterprise project on edginuity

Answer 1

To increase youth social entrepreneurship in a developing nation, the government should implement policies that support and sustain innovative, community-focused, and youth-run small businesses. This can be done through the following measures:

1. Providing access to capital: The government can provide low-interest loans or grants to young entrepreneurs to help them start and grow their businesses. This can be done through government-run microfinance institutions or partnerships with private lenders.

2. Creating a supportive regulatory environment: The government can create policies and regulations that make it easier for young entrepreneurs to start and run their businesses. This includes simplifying the process for obtaining licenses and permits, reducing bureaucracy, and providing tax incentives.

3. Building entrepreneurship skills: The government can provide training and education programs to help young entrepreneurs develop the skills they need to start and run a successful business. This includes training on business planning, financial management, marketing, and other key skills.

4. Encouraging innovation: The government can create programs that encourage young entrepreneurs to develop innovative solutions to social and economic challenges. This includes providing funding for research and development, and creating competitions and awards to recognize and reward innovative ideas.

5. Providing mentorship and networking opportunities: The government can create programs that connect young entrepreneurs with experienced mentors and other entrepreneurs. This can help young entrepreneurs learn from the experiences of others, build their networks, and access new opportunities.

By implementing these policies, the government can create an environment that supports and sustains youth entrepreneurship. This can help create jobs, drive economic growth, and address social and economic challenges in the developing nation.