Asked by Arika DeCara on Jun 24, 2024

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Which of the following is a critical factor in enhancing entrepreneurship?

A) Restricting entrepreneurship at the regional level
B) Discouraging entrepreneurs from expressing competitiveness
C) Reducing restrictions that block the flow of finance
D) Removing programs based on "learning by doing"

Flow of Finance

Refers to the movement of money among various participants in an economy including institutions, markets, individuals, and governments.

Learning by Doing

A theory that suggests proficiency and efficiency improve over time through practice and hands-on experience.

Regional Level

Refers to the geographical tier that encompasses localities within a larger national or international context, focusing on specific area-based initiatives or characteristics.

  • Identify the critical factors that enhance or impede entrepreneurship.
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GG
Grace GreenJun 29, 2024
Final Answer :
C
Explanation :
Removing restrictions that block the flow of finance is a critical factor in enhancing entrepreneurship, as access to funding is crucial for starting and growing a business. This allows entrepreneurs to invest in their ideas and expand their businesses, ultimately driving economic growth. Restricting entrepreneurship, discouraging competitiveness, and removing programs based on "learning by doing" all have negative effects on entrepreneurship and hinder its effectiveness.