According to the Panel Study of Entrepreneurial Dynamics (PSED),when an Entrepreneur

question 25

Multiple Choice

According to the Panel Study of Entrepreneurial Dynamics (PSED) ,when an entrepreneur comes up with the idea themselves,the single greatest idea source is from:

• A) thinking about a problem.
• B) their knowledge or expertise with technology.
• C) their experience in a particular industry or market.
• D) developing another idea they had considered.

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Definitions:

Saving Rate

The proportion of disposable income that is not spent on consumption but reserved for future use or investment.

Living Standards

refer to the quality and quantity of goods and services available to individuals or societies, reflecting their economic prosperity and quality of life.

Financial System

The group of institutions in the economy that help to match one person’s saving with another person’s investment

Main Function

The primary or most important role or purpose that an entity or system is designed or intended to fulfill.