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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The aging of the population
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Rising interest rates
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Shifting political climates
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A concern for fitness and health }
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Detailed explanation-1: -Around the world populations are aging. This is a relatively new demographic phenomenon because for most of human history populations were young and lives were short. Population aging is largely caused by two demographic trends. Most obviously, people today are living longer than before.
Detailed explanation-2: -While this shift in distribution of a country’s population towards older ages – known as population ageing – started in high-income countries (for example in Japan 30% of the population is already over 60 years old), it is now low-and middle-income countries that are experiencing the greatest change.
Detailed explanation-3: -Demographic information examples include: age, race, ethnicity, gender, marital status, income, education, and employment.