The purpose of this assessment item is to consolidate your knowledge of the role and function of entrepreneurship in the economy . For this assessment item you are required to write an essay addressing the following question :

Question 1: Why is growing the level of entrepreneurial activity critical to the growth and development of the Australian economy?

Critically evaluate the factors that potentially help and hinder the process of entrepreneurship in Australia?

This assignment should be answered in an essay format, with an introduction, body, and conclusion. Examples should be used to support your answers. There is no requirement for a table of contents for this assignment, but please use page numbers. You must use a minimum of eight (8) academic references to answer the question.

I have now changed the Criterion listed in the Unit Outline to what I discussed in class on Saturday – I feel this would be a much easier approach in answering the question at hand.

You need to answer the question and address the following criterion in the essay question above: Define what we mean by entrepreneurial activity? how and why is it critical to the Australian economy? identify the factors that have an impact on the process of entrepreneurship, what do we mean by the process of entrepreneurship and look at what could potentially help/assist or enable and/or hinder the process of entrepreneurship in Australia.