Need for Self-Employment - JSS3 Civic education Lesson Note
Self-employment offers numerous benefits and addresses several societal and individual needs:
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Job Creation: Self-employment is a significant driver of job creation, allowing individuals to generate employment opportunities not only for themselves but also for others, thereby reducing unemployment rates and stimulating economic growth.
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Flexibility: Self-employment provides greater flexibility and autonomy in terms of work hours, location, and decision-making, enabling individuals to achieve a better work-life balance and pursue their passions and interests.
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Innovation and Creativity: Entrepreneurs and self-employed individuals often innovate and create new products, services, and solutions to meet market demands, driving economic development, and contributing to societal progress.
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Economic Empowerment: Self-employment empowers individuals to take control of their financial well-being, build wealth, and achieve economic independence, thereby reducing reliance on traditional employment and government assistance programs.