How does social condition influence entrepreneurship?
Understand the Problem
The question is asking about the impact of social conditions on entrepreneurship, specifically which of the given options best describes that influence.
Answer
Social conditions like education, cultural attitudes, and societal values influence entrepreneurship.
Social conditions such as educational level, societal value of entrepreneurship, cultural attitudes, and family background influence entrepreneurship by either facilitating or hindering the environment necessary for entrepreneurs to thrive.
Answer for screen readers
Social conditions such as educational level, societal value of entrepreneurship, cultural attitudes, and family background influence entrepreneurship by either facilitating or hindering the environment necessary for entrepreneurs to thrive.
More Information
Societies with higher education levels and supportive cultural environments tend to produce more entrepreneurs. Additionally, a society’s cultural attitude towards risk and innovation can significantly impact entrepreneurial success.
Tips
A common mistake is to overlook the role of cultural attitudes and societal values, focusing solely on economic factors. It's essential to consider the broader cultural and social context.
Sources
- Impact of social factors on formation of business environment for SMEs - economics-sociology.eu
- The effect of social, cultural, and economic factors on entrepreneurship - sciencedirect.com
- [PDF] THE SOCIAL CONDITIONS FOR ENTREPRENEURSHIP - entreprenorskapsforum.se
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