Entrepreneurship rates vary according to their location. Low income countries such as Zambia tend to have higher entrepreneurship rates than in high income countries such as Japan.

Question

Quizplus · Accepted Answer

This statement is true. Studies have shown that low income countries tend to have higher entrepreneurship rates due to lack of formal job opportunities and the need for individuals to create their own businesses to support themselves and their families. High income countries have more formal job opportunities and social safety nets, leading to lower entrepreneurship rates.

Entrepreneurship Rates Vary According to Their Location