The source of finance available to a young school leaver who wants to start a small retail outlet is

The source of finance available to a young school leaver who wants to start a small retail outlet is personal savings. Personal savings refer to the money that an individual has saved from their earnings or received from gifts, inheritances, or other sources. It is a common source of financing for small businesses, particularly those just starting out. A young school leaver who wants to start a small retail outlet may not have a credit history or collateral to obtain loans from banks or other financial institutions. Therefore, personal savings would be the most viable source of financing for them. Using personal savings to finance a business can have several advantages, such as retaining full ownership and control of the business and avoiding the costs associated with interest payments on loans. However, it can also be risky if the business does not generate enough revenue to sustain itself. Overall, personal savings can be a good starting point for young entrepreneurs who want to start their own businesses and may not have access to other sources of financing.