Women Entrepreneurship-A Way to Economic Development

Women are an essential element of society and exhibit a significant role in nation-building. The participation of women in business activities is admirable in sustained economic development and social progress. With the spread of education and awareness, women have successfully taken part in the business. They managed to survive and succeed with their hard work, diligence, and perseverance. The role of women entrepreneurs in economic development is quite inevitable. Although women are playing a key role in society, their entrepreneurial ability has not been properly tapped. This research paper endeavors to understand the meaning, concept, and importance of women entrepreneurship, various factors influencing women entrepreneurs, and major obstacles. The paper will also try to suggest some supportive measures for women’s development while pursuing their business. This is a conceptual paper based on an extensive literature review of entrepreneurship that seeks to develop a deeper understanding of women entrepreneurs. Women entrepreneurs create new jobs for themselves and others, as well as exploit entrepreneurial opportunities. The findings of this paper exhibit that women entrepreneurs contribute to society’s welfare. Women entrepreneurs face many obstacles, specifically in marketing their products. The study proposes that the government should provide financial support for the enduring and enhancement of women entrepreneurship. The research paper contributes to women entrepreneurship literature by emphasizing women entrepreneurship as a significant economic development predictor. Understanding women entrepreneurship is necessary since nurturing and retaining women entrepreneurs is a unique challenge.