Eradicating Poverty Through Micro, Small, and Medium Enterprises: An Empirical Exploration

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Eradicating Poverty Through Micro, Small, and Medium Enterprises: An Empirical Exploration

Abstract- Over and done with empirical reviews, this paper tried to ascertain the contribution of micro, small, & medium enterprises (MSMEs) in their capacities to eradicate poverty. To accumulate empirical literatures on micro, small, and medium enterprises development and poverty alleviation, a thorough search was done using online database sources such as Google Scholars, Springer Link, Wiley, Science Direct, JSTOR, Emerald, Scopus, UniMAP Library WorldCat and EBSCO HOST etc. The survey identified that the development of micro, small, & medium enterprises depends on individuals or a group of peoples that have certain factors such as innovativeness, family background, government support programs, and training or education. Others also include, individual entrepreneurial characteristics, an increase in women participation in entrepreneurship and youth empowerment. A strong collaboration between government-university-industry also plays a major role in developing entrepreneurship, not only can stimulate employment and create job opportunities but also to eventually alleviating poverty.

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