In areas where these factors are present, you can expect to see strong and consistent entrepreneurial growth In areas where they are lacking, entrepreneurship is likely to stagnate One of the most important factors affecting entrepreneurship is economic environment It comprises of capital, labor, raw material and market demand 2 3 Entrepreneurial Growth Economic Factors Entrepreneurial Growth Non Economic Factors •Social Condition •Psychological Factors Government Action 3 4 From a strictly economic viewpoint, it can be said that the same factors which promote economic development account for the emergence of entrepreneurship alsoType of venture Some political and legal, and economic factors have been found to influence commercial and sustainabilityoriented entrepreneurs differently, while other economic and social factors rather determine differences between nonprofit and forprofit oriented entrepreneurs This study contributes to theories regarding the influence
Social Entrepreneurship The Case For Definition
