Factors that influence the supply of Entrepreneurs
- The level of education and training. There higher the level of education and training, the greater the supply of entrepreneurs and the lower the level of education and training, the lower the supply of entrepreneurs
- Personal abilities of the individuals. In societies with a large number of individuals who are more innovative and hardworking, there is high supply of entrepreneurs while in societies with many people who are less innovative leads to low supply of entrepreneurs.
- The level of economic activities. The higher the level of economic activities, the higher the supply, of entrepreneurs and the lower the level of economic activities, the lower the supply of entrepreneurs.
- The market size of commodities. The bigger the market size, the higher the supply of entrepreneurs and the smaller the market size, the lower the supply of entrepreneurs.
- The government policy in relation to investment. Conducive government policies towards investment encourage the supply of entrepreneurs while poor investment policies discourage the supply of entrepreneurs.
- The degree of political stability. The higher the degree of political stability in the country, the higher the supply of entrepreneurs and the lower the degree of political stability, the lower the supply of entrepreneurs.
CATEGORIES Economics
TAGS Dr. Bbosa Science
