The Influence of Socio-Cultural Characteristics on the Emergence of Entrepreneurship: A Conceptual Approach Study

Lovin Kro

Volume : VII, Issue : II, February - 2018

The Influence of Socio-Cultural Characteristics on the Emergence of Entrepreneurship: A Conceptual Approach Study

Lovin Kro

Abstract :

Contribution of entrepreneurship towards economic development is evident. It helps in raising the standard of living by alleviating poverty, reduces unemployment and also helps in balancing regional development. However, it is seen that distribution of entrepreneurship is uneven between different regions and amongst the different communities within the same region as well. There may be different reasons which restrain the development of entrepreneurship in a particular region among which, the socio-cultural characteristics is one of them. The socio-cultural environment within which a person is ought up can influence a person in different aspects. Therefore, the study on how socio-cultural characteristics influence the emergence of entrepreneurship is important. This paper focus on how such factors influence entrepreneurial emergence by reviewing existing literatures.