Question

Explain with the help of an example family background affects the entrepreneurial behaviour of people

Answer 1

Answer:

Policies aimed at encouraging entrepreneurship are popular around the world, but a recent literature suggests that entrepreneurship might be more predetermined than previously thought.

This column uses sibling correlations to tease apart the importance of genes, family background, and neighbourhood effects for later entrepreneurship.

Parental entrepreneurship and genes are the two main drivers of sibling similarities in entrepreneurship. However, children do appear to be able to learn about entrepreneurship through their family and community, so it may be possible to

Answer 2

The two main causes of sibling entrepreneurial similarity are genes and entrepreneurial parents.

• Yet kids do seem to be able to learn about entrepreneurship from their families and communities, suggesting that it would be viable to educate young people on useful skills.

• Although there are many policies in place to support entrepreneurship, recent research reveals that entrepreneurship may be more predetermined than previously thought.

• The level of parental entrepreneurship is crucial; parental education and wealth are far less significant, and family composition and immigration status are irrelevant.

• The following is one of intriguing finding: Individual self-employment, but not incorporation, is mostly explained by parental self-employment; and
• Individual incorporation is best explained by parental incorporation, but not by self-employment.

SPJ2