The factor of business ownership in developing economies is playing an important role in shaping the overall development of the economy of the respective country. As a result of active promotion and high growth potentials, a large number of people are showing a lot of interest in owning businesses.
On Business Ownership in Developing Economies
According to the present trend in the developing economies people are becoming more interested in owning businesses. This has been contributed to by the promotion of entrepreneurship in these countries. At the same time, a number of surveys show that the in the developing economies the number of self employed is more than the business owners.
It has been seen that in the developing economies the size of the business ownerships has remained, more or less, stable since the year 1980.
Educational Qualification and Business Ownership in Developing Economies
As per reports and studies, the owners of business entities in the developing economies are more educated, on an average, than those people who are self employed. Their education and proper training is helping them in developing their businesses rapidly.
Main Operational Areas
The owners of the business enterprises in the developing economies normally operate more in the manufacturing and the construction industry. Because of this, the growth rate of these sectors is quite higher in the developing economies. As far as the question of nature is concerned it has been observed that the owners of businesses in the developing economies are not too likely to change into self employed people.