1) Employment creation
2) Promotion of national productivity through production of goods and services within the country.
3) Raising standards of living
4) Conservation of foreign exchange: Entrepreneurs produce goods and services that are needed by people and reduction in importing those goods and hence the government saves foreign exchange.
5) Export promotion
6) Rural development which in effect promotes change to the formal sector from informal sector, equitable development and reduced rural-urban migrations.
7) Government revenue through taxes and domestic borrowing.
8) Creates competition between domestic entrepreneurship and importation thereby reducing dependence on imported goods and services.
2) Promotion of national productivity through production of goods and services within the country.
3) Raising standards of living
4) Conservation of foreign exchange: Entrepreneurs produce goods and services that are needed by people and reduction in importing those goods and hence the government saves foreign exchange.
5) Export promotion
6) Rural development which in effect promotes change to the formal sector from informal sector, equitable development and reduced rural-urban migrations.
7) Government revenue through taxes and domestic borrowing.
8) Creates competition between domestic entrepreneurship and importation thereby reducing dependence on imported goods and services.
Main objectives of national development include:
1. Provide basic needs to every citizen; food, shelter, health, security, education, clothing
2. Elimination/Reduction of poverty: reduce rural-urban migration
3. Provision of opportunities for employment and personal advancement
4. Trying to narrow the income differences between the rich and the poor.
1. Provide basic needs to every citizen; food, shelter, health, security, education, clothing
2. Elimination/Reduction of poverty: reduce rural-urban migration
3. Provision of opportunities for employment and personal advancement
4. Trying to narrow the income differences between the rich and the poor.
