INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
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Governments can encourage entrepreneurial development by
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increasing interest rates on loans.
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deregulating and reducing taxes.
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establishing higher ethical standards.
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passing more legislation with strict guidelines
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Explanation:
Detailed explanation-1: -These incentives are given in the form of concession, subsidies and bounties. Subsidies are a one time lump sum amount given to the entrepreneur by the government. It is a financial help to cover the cost.
Detailed explanation-2: -Develop a statement to encourage entrepreneurship. Create a bond between employees and the company. Celebrate mistakes. Promote ‘intrapreneurship’ Pursue passions in and out of the company. Entrepreneurship is a mindset. Recognize and reward. Build personal brands. More items •08-Jun-2021
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