Barriers to Rural Entreprenuership?

Barriers to rural Entreprenuership :
Rural entrepreneurship is made unique by the economic conditions of rural regions and the characteristics of rural entrepreneurs. Some of the barriers commonly associated with rural entrepreneurship are presented below:
•Declining agricultural income
•A culture not supportive of entrepreneurship
•Greater distances to markets and areas of production
•Difficulty in obtaining sufficient capital
•Lack of other entrepreneurs and networks
•Absence of industry clusters
•Difficulty in obtaining skilled labor

These barriers diminish the growth prospects of potential rural entrepreneurial opportunities. As a result, rural individuals are perceived to seek entrepreneurship out of necessity rather than opportunity. Thus, in general, rural entrepreneurs pursue projects with lower expected rates of
return and more moderate risk levels.
you have limited market and limited goods and services to offer. in addition competition is stiff

The answers post by the user, for information only, does not guarantee the right.

More Questions and Answers:
  • Describe how macro economy frames the industry, remote, and operating environment.?
  • Micro Econ?
  • If a firm is the only single seller of a product and there are no barriers to entry?
  • What was the economy like, in the 1960's?...compared to other decades?
  • Can you name some products that do well during low demand and poor economic times?
  • Are we living in another in another depression?
  • Why do gas prices rise and is there any federal control over the rise?
  • What is the meaning of "supply functions"? (in economics)?