CREATION OF YOUNG ENTREPRENEURS AS RESOURCES OF ECONOMIC DEVELOPMENT AND ALLEVIATION OF POVERTY IN MUSLIM COUNTRIES: AN ISLAMIC APPROACH

Abstract

Purpose of Study: This paper aims to examine the importance of entrepreneurship and the role of young entrepreneurs in economic development. The paper explores the vital role that entrepreneurship can play in boosting economics of a country. This is because creating youth on entrepreneurial skills can be used as resources of economic development and alleviation of poverty in a country. The paper examines how Muslim youth can be created and trained as resources of development of economics and prevention of poverty in Muslim countries. Methodology: The paper adopts qualitative research methodology to collect and analyze data on the topic in hand. This methodology is used to discuss the effect of training on young entrepreneurs and how it creates them as resources of economic growth and improvement of scarcity in a country. Results: It finds in this paper that young entrepreneurs are the most crucial instruments that can be utilized to enhance economics of a country and eliminate poverty in the society. This is because young generation is the most important generation that can be taken as a tool and resource to develop economics of a country and alleviate poverty in the society at large. Implications/Applications: Entrepreneurship plays a crucial role in economic development and creation of young entrepreneurs can be used as resources of economic enhancement as well as job opportunity for Muslim youth. The paper suggests to have empirical research in order to have a clear picture on creation of young entrepreneurs and effect of training them on entrepreneurship as resources of economic development and alleviation of poverty in Muslim countries.