In the United States, opportunity-driven entrepreneurship is far more prevalent than in efficiency-driven or factor-driven economies such as Brazil and Uganda, where entrepreneurship frequently happens out of necessity.

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In the United States, a high-income, innovation-driven economy, opportunity-driven entrepreneurship is more common because individuals often start businesses based on market opportunities and innovative ideas. In contrast, in efficiency-driven or factor-driven economies like Brazil and Uganda, entrepreneurship is often necessity-driven, with individuals starting businesses primarily to survive or because there are few other employment options.

In the United States, Opportunity-Driven Entrepreneurship Is Far More Prevalent