One General Conclusion That We Can Reach Regarding Entrepreneurship Is

question 16

Short Answer

One general conclusion that we can reach regarding entrepreneurship is that:
a. Regulatory burdens on new start-ups are much easier in poorer countries.
b. The less entrepreneur-friendly a country's formal institutional requirements are the more likely entrepreneurship will contribute to economic development.
c. Informal institutions do not affect entrepreneurships.
d. Individualistic and low uncertainty-avoidance societies tend to foster relatively more entrepreneurship.
e. Collectivistic societies may result in relatively higher levels of entrepreneurship.

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Definitions:

Deposit

A sum of money placed in an account or with a party as a part of a financial transaction, often securing a service or as a part of a purchase agreement.

W-2 Form

An annual tax form used in the United States to report wages paid to employees and the taxes withheld from them.

Net Pay

The amount of money that an employee takes home after all deductions, such as taxes and retirement contributions, have been subtracted from their gross pay.

FICA-OASDI

A U.S. payroll tax that funds the Social Security and Medicare programs, officially known as the Federal Insurance Contributions Act - Old Age, Survivors, and Disability Insurance.