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Development of entrepreneurship around the world depends on avoiding the impact of formal institutions that govern...

Development of entrepreneurship around the world depends on avoiding the impact of formal institutions that govern how entrepreneurs start up new ventures.
a. True             b. False

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Answer #1

Answer: FALSE

Explanation: Development of entrepreneurship around the world does not depend on avoiding the impact of formal institutions that govern how entrepreneurs start up new ventures. The formal institutions need to be present to have a positive impact on the entrepreneurial activity so that startup can start new ventures.

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