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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Which statement is most likely to have a negative effect on domestic small-business growth?
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Slow Inflation
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Restrictive loan policies
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Low interest rates
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Involuntary tax reductions
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Explanation:
Detailed explanation-1: -One reason for failure of small businesses is lack of managerial experience.
Detailed explanation-2: -Four common barriers to entrepreneurship can be identified – inability to access finance, lack of human capital, lack of social capital and discrimination.
Detailed explanation-3: -Financing Hurdles A primary reason why small businesses fail is a lack of funding or working capital.
Detailed explanation-4: -Funding of capital. Adequate cashflows. Social and family pressures. Interference with personal lives. psychological pressure. Lack of motivation.
There is 1 question to complete.