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

Discuss the significance of self-employment in promoting economic resilience and innovation, providing examples to illustrate its impact on entrepreneurship.

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Self-employment plays a vital role in promoting economic resilience by enabling individuals to create their sources of income, thus reducing reliance on traditional employment opportunities. Additionally, self-employed individuals often drive innovation by introducing new products, services, and business models to the market, fostering economic growth and competitiveness.

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