ABSTRACT

Entrepreneurship plays an important role in the economic development and is considered as a dynamic force that escalates the economy of a country. Empirical studies have shown that entrepreneurship, among other things, plays a positive role in wealth creation, improvement of standard of living, enhancement of gross domestic product (GDP) per capita, enhancement of exports, jobs creation, enabling the balanced regional development and community development (Forsman, 2011; Battilana & Casciaro, 2012; McKeever et al., 2014; Dhaliwal, 2016; Yusuf & Albanawi, 2016; Ribeiro-Soriano, 2017; Doran et al., 2018).