The Lack of an Entrepreneurial Class in Developing Nations Tends

question 48

Multiple Choice

The lack of an entrepreneurial class in developing nations tends to

• A) keep workers from migrating to cities from rural areas.
• B) reduce the level of capital investment.
• C) force the need for land reform.
• D) keep governments stable.

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Definitions:

Entrepreneurial Methods

Strategies and practices used by entrepreneurs to identify, evaluate, and exploit opportunities to create new value or ventures.

Allocating Proportionate Resources

The distribution of resources, such as time, money, or materials, in a manner proportional to the needs or priorities identified.

Financial Mind-Set

An attitude or approach towards managing and understanding finances, emphasizing planning, saving, and investing wisely.

Disproportionate Resources

A situation where resources are unevenly distributed or allocated, often leading to imbalances in performance or outcomes.