What microloans miss The 2006 Nobel Peace Prize winner Muhammad Yunus has said that all people are
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What microloans miss The 2006 Nobel Peace Prize winner Muhammad Yunus has said that “all people are entrepreneurs” and that microloans will pull poor people out of poverty.
Only 14 percent of Americans are entrepreneurs while almost 40 percent of Peruvians are.
Source: James Surowiecki, The New Yorker, March 17, 2008 With only 14 percent of Americans earning their income from entrepreneurship, from what factor of production do most Americans earn their income? What is that income called? Why might so many people in Peru be entrepreneurs?
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Most Americans earn their income from labor and t...View the full answer
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