One general conclusion that we can reach regarding entrepreneurship is that:
a. Regulatory burdens on new start-ups are much easier in poorer countries.
b. The less entrepreneur-friendly a country's formal institutional requirements are the more likely entrepreneurship will contribute to economic development.
c. Informal institutions do not affect entrepreneurships.
d. Individualistic and low uncertainty-avoidance societies tend to foster relatively more entrepreneurship.
e. Collectivistic societies may result in relatively higher levels of entrepreneurship.
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