ECONOMICS ASSESSMENT TASK 2 4
Supporting Indigenous business growth. Effective Indigenous undertakings are indispensable to
Indigenous monetary advancement. At the point when Indigenous ventures flourish they make
genuine and enduring advantages for their proprietors, workers, families, and networks.
Indigenous pioneers can demonstrate Indigenous culture to others how it can be a piece of
monetary achievement and are a precious asset as tutors and good examples.
Improvement of access to business and funding support. For the starting of businesses or
business venturing the Indigenous groups need to be supported financially. Financial lenders use
valuable assets as credit security so that they can give many Australians the financial support
they need to go to business. Numerous Indigenous Australians don't have such resources and
where there are aggregate resources, for example, land, there might be limitations on utilizing
them as credit security. For manageable and fruitful businesses support is needed for both the
business advancement and new businesses.
The effects of the measures taken in gap closing in education and business and entrepreneurship
Attendance rates
After the strategies, objectives approach the gap is yet to close but narrowing as compared to
before. The attendance rates are shown to be ranging from 83.5% to 83.2% between 2014 to
2017. 83.2% of Indigenous students nationally attended as compared to the attendance rate of the
non-Indigenous students 93.0% (Purdie, and Buckley 2010, p. 234).
"Preschool/Prep/Primary
school (Years 1–6)"
"High school
(Years 7–10)" Total
Number % Number % Number %
33,584 27.2 15,180 35.8 48,597 29.3
89,501 72.5 27,187 64.2 117,110 70.6

ECON Assessment 2: Indigenous Economic Development Strategy Analysis