Question

Q. Select all the social barriers of entrepreneurship
A.
Low Status
B.
Custom and Tradition of People
C.
Lack of Confidence
D.
Lack of Motivation​

Answer 1

barriers of entrepreneurship is lack of motivation

Answer 2

The social barriers of entrepreneurship are Low status and Custom and Tradition of People.

• Sociological factors have a significant influence on industry, like age group, religion, caste system, standard of living, labour mobility, cultural background, respect for senior citizens, values, etc.
• Many individuals want a real job. Even parents who are entrepreneurs generally do not want their kids to be entrepreneurs. Therefore, the lack of social and family support hinders entrepreneurs' development.
• The people who manipulate society are thought of as entrepreneurs by the society. Society's attitude towards entrepreneurs is therefore not positive making it as a barrier to entrepreneurship