Question on: JSS3 Civic education - National Economic Life – Self Employment I

Discuss the role of self-employment in addressing unemployment and fostering economic growth, providing examples to support your argument.

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Self-employment plays a crucial role in reducing unemployment rates by creating job opportunities for both self-employed individuals and others they may employ. For example, entrepreneurs who start businesses in sectors such as technology, agriculture, and retail not only generate employment for themselves but also create jobs for suppliers, service providers, and employees, thereby contributing to economic growth and development.

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