They employ their own as well as borrowed resources for setting up their enterprises.
The study examines the effects of some of the most important micro economic variables like education, physical growth and budget deficit on Pakistan’s economic growth.
The period of 1959--1997 has been examined using a multiple regression framework.
The study of “Entrepreneurship Selection and Performance: A Meta-analysis of the Impact of Education in Less Developed Countries” conducted in 2004 by Van Der Sluis, Mirjam Van Praag and Wim Vijverber provides an analytical view of the impact of schooling on the selection on entrepreneurship and the impact on less developed countries.
It also proves that a marginal year of schooling raises the enterprise income by 5.5%.
Many resources play a part in the growth of a country’s economy one of which and perhaps the most important is human capital, which means the workforce of the country.
A good and productive workforce by making use of other resources can lead an economy in to growth and prosperity.
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Education plays a major role in the economic development of any country, may it be developed or developing.
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