Role of Skill-Based Commerce Education in Promoting Entrepreneurship and Employment Generation: A Review

The rapidly changing global economy has increased the demand for graduates who possess practical skills, entrepreneurial capabilities, and industry-relevant competencies. Traditional commerce education, which has historically emphasized theoretical knowledge, is increasingly being supplemented with skill-based learning approaches that focus on employability and entrepreneurship development. Skill-based commerce education integrates practical training, digital competencies, financial literacy, communication skills, and business management capabilities to prepare students for dynamic labor markets and entrepreneurial ventures. This review examines the role of skill-based commerce education in promoting entrepreneurship and employment generation. The study synthesizes existing literature on entrepreneurship education, employability skills, vocational learning, industry-oriented curricula, and competency-based education. Findings suggest that skill-based commerce education significantly enhances entrepreneurial intentions, innovation, self-employment opportunities, and workforce readiness. However, challenges such as curriculum gaps, inadequate industry collaboration, and limited infrastructure continue to affect implementation. The review concludes that strengthening skill-based commerce education can contribute substantially to sustainable economic development, employment creation, and entrepreneurial growth.