Entrepreneurship Development and Communication Skills

2.2.1.4 Governmental Influence

The government by its actions or its failure to act does influence both the economic and non-economic conditions for entrepreneurship. Any interested government in economic development can help, through its clearly expressed industrial policy, promote entrepreneurship in one way or other. By creating basic facilities, utilities and services and by providing incentives and concessions, the government can provide the prospective entrepreneurs a facilitative socio-economic setting. Such conductivity setting minimizes the risks which the entrepreneurs are to encounter in future. Thus, the supportive actions of the government appear to be the most conductive ones to the entrepreneurial growth.