Because of ineffective legal enforcement of private property rights, entrepreneurs have to acquire political and administrative protection or depend on ___________for security.
| A. |
Attorneys |
|
| B. |
Domestic governments |
|
| C. |
Tariffs |
|
| D. |
Informal networks |
D- Informal networks
Factors related to weak rule of law such as corruption, and the effectiveness of the legal system in enforcing contracts act as barrier to entrepreneurship. A lack of mechanisms related to the protection of intellectual property and discouraging monopolies and unfair trade practices also hinder entrepreneurship.
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Because of ineffective legal enforcement of private property rights, entrepreneurs have to acquire political and administrative...