Entrepreneurial Framework Conditions

Entrepreneurial Framework Conditions

Author: Marius Kahlert, UTwente

Entrepreneurial Framework Conditions (EFC) determine the conditions of a country's ecosystem which enhance or hinder the creation of new businesses and therewith influence the economic growth of a nation. While being affected by the social, cultural and political context of a certain country, the EFCs have a direct impact on the entrepreneurial activities and entrepreneurial capacity. Therefore, these conditions are important factors in order to assess the business dynamics and the environment for new business creation.