A Study on Factors Affecting Entrepreneurship Development and Employment Growth

Abstract

Capital, labour, markets and raw materials, tariff policy and subsidies are the main economic factors. Social factors can go a long way in promoting entrepreneurship. Entrepreneurial development is highly correlated with social attitudes, social status, social mobility, family background and education. Entrepreneurial environment is a collection of external conditions for entrepreneurs to engage in entrepreneurial activities including government policies, laws and regulations, socio-economic conditions, venture capital support, non-capital support and entrepreneurship and management skills. Apart from economic, social, psychological and governmental, political factors, there are many other factors that affect the emergence and development of entrepreneurship.