MSME and Entrepreneurship are connected. Do you agree. Give two reasons.
Yes, I agree that MSME and Entrepreneurship are closely connected.
Firstly, MSMEs provide ample opportunity for entrepreneurship. The latent skills and talents of people can be channelled into business ideas which can be converted into reality with little capital investment and almost nil formalities to start a small business.
Secondly, MSMEs contribute to the development process by widening the entrepreneurial base. They form an integral part of the value chain for building a conducive environment for indigenous skills, grass root innovations, and entrepreneurship development.
Explanation
The answer is derived directly from the provided context. The first reason is found in the section stating that MSMEs provide ample opportunity for entrepreneurship by channeling latent skills into business ideas with little capital. The second reason is drawn from the introduction, which highlights that MSMEs widen the entrepreneurial base and foster an environment for entrepreneurship development.