INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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availability of credit provided by financial institutions can encourage individual to pursue business
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internal factor
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external factor
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demographics
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risks
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Explanation:
Detailed explanation-1: -The external factors are size of leasing, ownership interest rate, foreign exchange, inflation, and Gross Domestic Product (GDP).
Detailed explanation-2: -External sources of finance refer to money that comes from outside a business. There are several external methods a business can use, including family and friends, bank loans and overdrafts, venture capitalists and business angels, new partners, share issue, trade credit, leasing, hire purchase, and government grants.
Detailed explanation-3: -Inflation, Gross Domestic Product (GDP), Policy Rate through Monetary Policy are taken as external factors.
There is 1 question to complete.