Whether entrepreneurship is encouraged or discouraged depends on formal institutions affecting entrepreneurs and start-up enterprises.

Question

Quizplus · Accepted Answer

Formal institutions such as government policies, legal systems, and financial markets can either encourage or discourage entrepreneurship and start-up enterprises. Formal institutions such as government policies, regulations, and support programs can have a significant impact on the level of encouragement or discouragement towards entrepreneurship and start-up enterprises.

Whether Entrepreneurship Is Encouraged or Discouraged Depends on Formal Institutions