Exercises · Q8
Q.Discuss the non-economic factors that influence the growth of entrepreneurship.
ChseodishaTextbookSubjectiveImportance★★★★★est
67% · 8/12 Questions
You're viewing a preview — the full solution, concept, methods & PYQ mapping are locked.
Start your 14-day free trial to unlock the full solution →Non-economic factors are the social, cultural and psychological conditions of a society:
- Social attitudes and legitimacy of enterprise — a society that respects business and risk-taking produces more entrepreneurs than one that looks down on trade.
- Culture and social mobility — values that reward achievement, and a flexible social structure that lets people rise by merit, encourage enterprise.
- Education and training — education spreads knowledge, skills and awareness of opportunities, while specific entrepreneurship training builds competence.
- Family background and role models — coming from a business family, or seeing successful entrepreneurs, inspires others.
- Need for achievement and psychological drive — societies with strong achievement motivation tend to be more entrepreneurial. …
Unlock everything free for 14 days
- Full step-by-step solutions
- Concept-first explanations
- Methods, shortcuts & mistakes
- PYQ mapping + timed mock tests
Full access for 14 days. No credit card required.