Abstract
Immense competition in job market, competitive exam patterns in getting a job, nepotism etc. all are making a job very tough for an unemployed youth nowadays. Even after getting a job, they find lack of independence, job stress, sub ordinance, tiring working hours, politics too severe to tolerate. Entrepreneurship is the act of creating a business either from the scratch or from already an established one ensuring independence, freedom, decision making power, flexible work hours etc. The study will cover all the problems associated with getting and sustaining in the jobs. Besides, all the positive impacts of entrepreneurship will be included in a broad aspect as it has multi-dimensional activities to perform. The obstacles to facilitate entrepreneurship will also be covered so that future corrective actions can be taken to. On top of that, a comparison will be made between these two to represent an evaluation. The role of regulatory authority will also be focused whereas the attention of mass people will be drawn at length. This study will be beneficial as it will come up with potentiality of a particular sector which will remove the problem of unemployment to a great extent and play a role in the economy of our country. Keywords: Job Market, Nepotism, Job Stress, Entrepreneurship, Decision Making Power, Regulatory Authority, Unemployment. DOI: 10.7176/EJBM/13-13-02 Publication date: July 31 st 2021
Highlights
Entrepreneurship is becoming more popular these days, as many people are becoming interested in gaining freedom from their employment
The current unemployment rate in Bangladesh is 4.2 and the employed person is 60 million that labor force participation increasing in a steady way, female participation on labor force are increasing rapidly, labor participation on others sectors are more than agricultural sector
7.0 FINDINGS & ANALYSIS Job market is more complicated than entrepreneurship
Summary
Entrepreneurship is becoming more popular these days, as many people are becoming interested in gaining freedom from their employment. Rather than working for a company, they are branching out into becoming entrepreneurs and becoming their own boss As this trend is growing at a fast rate. The country has experienced rapid economic growth, structural shifts in the economy, increase in educational attainment levels, and rapid urbanization since gaining its independence in 1971. As a labor abundant country, the prospect of the entire economy of Bangladesh depends on the features of the labor market. The changing features of the composition of labor force, employment, unemployment scenario depends on various factors such as demography, structural change, change of social attitude. In Bangladesh, labor force participation is growing at a faster pace than the current employment generating capacity of the economy making it difficult for the country to absorb the incremental labor force in productive and remunerative employment. The country needs higher and more employment intensive economic growth
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