Post Update: April 16, 2021

  FACTOR AFFECTING ENTRREPRENEURSHIP GROWTH :-

Development of entrepreneurship is not a spontaneous one but a dependent of phenomenon of economic, social, political, psychological factors supporting conditions to entrepreneurship development.


I. Economic factors

  • Capital : facilities to bring together the land of one, machine of another And raw material of at another to combine them to produce goods.
  • Labour : the quality rather quantity labour influences the emergence of entrepreneurship.
  • Raw material : Necessary for establishing any industrial activity.
  • Market : Constitutes the major determinant of probable rewards from entrepreneurship function.
  • Infrastructure : Expansion of entrepreneurship presupposes properly develop communication and transportation facilities.

II. Social Factors 

  • Caste / Religion
  • Family Background
  • Level of Education
  • Attitude of the Society
  • Cultural Value 


III. Government Policies

  • Role of government in entrepreneurship development and growth
  • Government policies
  • Effect of government policies 


Role of government in entrepreneurship development and growth

  • Promote financial help via venture capitals.
  • Develop entrepreneur ecosystem
  • Easy taxation
  • Fundraising
  • Research
  • Business friendly laws and function.
  • Political