Question

What are the internal and ecternal factirs of enterpreneurship?

Answer 1

Internal Factors:

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These include the following factors:

1. Desire to do something new.

2. Become independent.

3. Achieve what one wants to have in life.

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4. Be recognized for one’s contribution.

5. One’s educational background.

6. One’s occupational background and experience in the relevant field.

External Factors:

These include:

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1. Government assistance and support.

2. Availability of labour and raw material.

3. Encouragement from big business houses.

4. Promising demand for the product.