Answer:
Kindly check explanation
Explanation:
Self - employment is today's need:
With increasing growth in world population and the labor market becoming increasingly saturated, hence leading to large rate of unemployment in most developing countries with the developed also experiencing fractional increase, It has become quite obvious that the existing openings in both private and government parastatals aren't capable of absorbing the existing human labor. However, with several breakthrough in technological and economic need, individual's will be better off acquiring new skills and channeling their intellectual and physical and financial resources into creating a self made income stream attainable by offering services, and solving problems within various domains. This self employment cycle goes a long way in solving various economic and financial woes of the citizens by creating more jobs, offering competition and rewarding hardwork for those who can take the risk and make the leap.
Self-employment is defined as the work in which people generally doing their own work rather than work by employer.
This self employment cycle helpful in solving various economic and financial problems of the citizens by creating more jobs, offering competition.
Moreover, with several breakthrough in technological and economic need, individual's will be better off acquiring new skills and channeling their intellectual and physical and financial resources into creating a self made income stream attainable by offering services, and solving problems within various domains.
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