please answer only B and C , use simple vocabulary, write from business point of view ( not psychological), stay related to innovation and entrepreneurship.

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Question Three (35 marks, 700 words)

In a study of how local context affects entrepreneurship for young people around the world, researchers at the Overseas Development Institute (ODI), a leading independent think tank on international development in the UK, have identified three types of local contexts that affect entrepreneurship and innovation.

a- Define the three types of local/national context that affect entrepreneurship and innovation identified by researchers at the ODI, (12 Marks).

answer:

-According to the researches of Overseas Development Institute, the 3 types of local context which affects entrepreneurship and innovation are:

First, Market openings are the significant determinant that influences enterprise development and progress. Market receptivity and its size influence the business interests side. In the event of insufficient market openings, the company's achievement and skills will consistently be below a particular level. The size of the market including both the household and the global market will have a significant impact on the size of the new business. Again, market receptivity will have an impact on the market for the section of new firms.

Second, Alternative Livelihoods as accessibility of elective occupations is a significant driver of business. In the event that other business openings are inadequate with regards to, more individuals will turn towards enterprise and the other way around. Among these, the rate of unemployment among youths acts as a significant influencer for enterprise development.

Third, Enterprise Cultural Aid. Equally, the social assistance of a particular region can affect technological growth. If the general public understands and supports business and growth, it would naturally affect a person's attitude to business like, the possibility of choosing business as a lifetime option, new business development and so on. Cultural distinctions and their practices are clearly seen as influencing business people 's development within a country.

b- Outline the types of influences that can affect the local contexts (200 words)

c- Assess the effects of the above factors on an individuals choice/decision to become entrepreneur (200 words).