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Entrepreneurship
is now recognized as a vital quality
for the emergence and sustenance of
economic growth in less developed
countries. This is primarily because
of the positive correlation between
economic growth and business
formations that has been postulated
and/or implied in early economic
theories by Cantillon (1755) Knight
(1921) and Schumpeter (1934, 1948).
Entrepreneurship development should,
therefore, be one of the primary
policy concerns if poverty is to be
alleviated in African countries.
The level or amount of
entrepreneurship is strongly
determined by environmental (social,
legal, economic, political,
educational, turbulence) factors.
Thus, countries with conducive
policies, organizational
environments and educational systems
are expected to have high levels or
amounts of entrepreneurship.
Entrepreneurship development in
Tanzania has greatly been affected
by Government policy. |
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