Question

outline four ways in which peace within  a country may encourage entrepreneurial development

Answer 1

• Entrepreneurs are assured of the safety of their investment hence encouraged to invest.
• Funds are availed for investment instead of being spent on provision of security.
• There is free movement of factors of production which motivates trade.
• There is free interaction between people which encourage sharing of business ideas.
• Reduced cost of insurance due to lower risks.
• Increased markets since even foreigners feel free to trade with the locals.
• Stable complementary institutions like banks and warehouses which encourage business.