Cultural and political factors help explain why Canada has a much higher entrepreneurship rate than Japan and many European nations.

Question

Quizplus · Accepted Answer

This statement is true. Canada has a culture that supports risk-taking and encourages entrepreneurship, as well as a political environment that fosters innovation and provides support for small businesses. In contrast, Japan and many European nations have cultural and political factors that may discourage entrepreneurship, such as a focus on stability and hierarchy in Japan and a social safety net that can disincentivize taking risks in some European countries.

Cultural and Political Factors Help Explain Why Canada Has a Much