Explain how Peace Encourages entrepreneurial development in a country (Business Studies)

Below are answers to the question of how does peace in a country encourage entrepreneurial development?

how Peace Encourages entrepreneurs development in the country
how Peace Encourages entrepreneurs development in the country/Photo by geralt

Ways through which Peace encourages entrepreneurial development

(a) Entrepreneurs are assured of the safety of their investment hence encouraged to invest.

(b) Funds are availed for investment instead of being spent on provision of security.

(c) There is free movement of factors of production which motivates trade.

(d) There is free interaction between people which encourage sharing of business ideas.

(e) Reduced cost of insurance due to lower risks.

(f) Increased markets since even foreigners feel free to trade with the locals.

(g) Stable complementary institutions like banks and warehouses which encourage business.

Business Studies Revision Questions

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You can also read  What are the Features of Labour as a factor of production? (Business Studies)

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