Question

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

Answer 1

Answer:

Like other aspects, family background also affects the entreptrneurial behaviour of people as entrepreneurship directly depends on people and people are affected to big extent by the family background.

Explanation:

• According to the research statistics 25% of the variation in decisions of individuals to become employed to self is explained by family background and influence of the community.

• It also suggested that the entrepreneurship depends upon sibling correlation and shared genes.
• It is greatly affected by characteristics of parents and family members including sibling peer effects, income, education, self employment, neighbourhood effects and incorporation.