THE ROLE OF FAMILY ENTREPRENEURSHIP IN REGIONAL DEVELOPMENT AND POVERTY REDUCTION
Keywords:
family entrepreneurship, poverty reduction, rural development, regional economyAbstract
This study examines the development of family entrepreneurship in regional
areas and its significant impact on poverty reduction. Utilizing a mixed-methods research approach
combining quantitative analysis of secondary data with qualitative case study examination, this
research investigates the mechanisms through which family-based business ventures contribute to
sustainable economic development and poverty alleviation in rural communities. The findings
reveal that family entrepreneurship serves as a crucial catalyst for income generation, employment
creation, and social capital development in underserved regions. Statistical analysis demonstrates
that regions with higher rates of family business formation experience poverty reduction rates 2.5
to 3 times greater than areas without targeted entrepreneurship support programs. The study
identifies key success factors including access to microfinance, digital financial inclusion, skills
training, and institutional support mechanisms. Policy implications suggest that integrated
approaches combining financial access, capacity building, and infrastructure development yield
optimal outcomes for sustainable poverty reduction through family entrepreneurship promotion.
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