DOI: https://doi.org/10.36719/2789-6919/46/71-76
Sadaqat Ahmadova
Nakhchivan State University
https://orcid.org/0009-0001-3329-4055
sedaqet.ahmedova@bk.ru
Mahsati Asgarova
Nakhchivan State University
https://orcid.org/0009-0001-1899-3325
mahsati554@gmail.com
Youth and the Economy: the Role of the New Generation of Entrepreneurs
Abstract
In the modern world, youth is increasingly becoming a driving force for economic development. Young people are not only the workforce of the future, but also have an important role in the fields of entrepreneurship, innovation and social initiatives and they are causing major changes in the economy with new business models, technological innovations and social initiatives. This article will analyze the role of young people in the economy and how the new generation of entrepreneurs is driving economic development.
It is shown that against the backdrop of the rapidly changing economic realities of the modern era, young people have become the most strategic resource of society. Their energy, creativity, openness to technologies and flexibility play an important role in the country's economic development. By actively participating in various sectors of the economy - from the labor market to entrepreneurship and innovations - young people determine not only their own future, but also the trajectory of socio-economic development of the country as a whole.
The role of young people in the economy is multifaceted. They are indispensable in terms of renewing the workforce, applying new technologies, developing the digital economy and implementing modern entrepreneurial models. The different mindset and risk-taking approach of the younger generation make them more active and successful in the field of innovation and startups. Especially in the age of technology and information, young people can more flexibly connect to global markets and establish international economic relations through digital platforms.
Keywords: youth, economy, entrepreneurship, innovation, economic development