The Role of Social Networks in Economic Development and Entrepreneurship

Author(s)	Rajkumar M. Kolhe
Country	India
Abstract	This research paper aims to explore and analyze the significant role of social networks in driving economic development and fostering entrepreneurship. Social networks, both online and offline, have gained immense prominence in recent years due to their potential to connect individuals, facilitate information sharing, and create conducive environments for entrepreneurial activities. By examining theoretical frameworks, empirical studies, and case examples, this paper highlights how social networks influence various stages of economic development and entrepreneurship, including idea generation, resource mobilization, market access, knowledge dissemination, and innovation. The paper also discusses potential challenges and implications associated with social network-driven economic development and suggests policy considerations to harness the positive effects of social networks for sustainable economic growth.
Keywords	Social Networks, Economic Development, Entrepreneurship
Field	Arts
Published In	Volume 5, Issue 5, September-October 2023
Published On	2023-09-09
Cite This	The Role of Social Networks in Economic Development and Entrepreneurship - Rajkumar M. Kolhe - IJFMR Volume 5, Issue 5, September-October 2023. DOI 10.36948/ijfmr.2023.v05i05.6273
DOI	https://doi.org/10.36948/ijfmr.2023.v05i05.6273
Short DOI	https://doi.org/gsp9b6

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International Journal For Multidisciplinary Research