Savvy entrepreneurs have a vested interest in pushing for more entrepreneur-friendly formal institutions in various countries,such as rules governing how to set up new firms and how to reduce the pain for failed entrepreneurs and their firms.

Question

Quizplus · Accepted Answer

Entrepreneur-friendly formal institutions can lower barriers to entry, reduce risks, and create a supportive environment for entrepreneurs, encouraging innovation and economic growth.

Savvy Entrepreneurs Have a Vested Interest in Pushing for More