Sustainable Economic Development and the Role of Entrepreneurship Factor

The purpose of the study is to conduct an in-depth analysis of the degree to which the entrepreneurship factor would enhance sustainable economic development. The analysis will run a comparative analysis on how the entrepreneurship factors would add value to sustainable economic development. It is worth mentioning that entrepreneurship is a factor of production per se. The design was based on secondary research but then focused on appropriate data that addressed the research objectives. The main data had been obtained from business and investment reports. On the other hand, the researcher conducted an evaluation of the entrepreneurship factor in sustainable economic development. In general, a review of relevant literature was undertaken and fundamental issues were identified. The research analysis contains a discussion of the entrepreneurship factor in sustainable economic development. Particular attention has been given to the contribution entrepreneurial activities have to sustainable economic development. The study also conducts a risk assessment among the three factors of production capital, labor and now entrepreneurship to assess the one that would have minimal risks in as far as sustainable economic development is concerned. The researcher purports that the entrepreneurship factor can extend quite a number of advantages through innovation, product development, and competitiveness, thus creating a more sustainable economic development. This research analysis brings together the discussion on the entrepreneurship factor and its relationship with sustainable economic development. Therefore, it should be a great resource to the managers and policy makers in their quest to enhance sustainable economic development especially in a strategic context.