Economic Inequality And Its Effects On The Decision-Making Of Entrepreneurs In Emerging Economies

Abstract

Economic inequality additionally influences entrepreneurial decision-making through interactions with social and institutional variables. Entrepreneurs in nations with extreme inequality confront extra difficulties, such as restricted access to formal institutions, mentorship, and networks. These elements have an impact on their strategic decisions, which include collaborations, financial sourcing, and involvement with governmental organizations. Understanding how economic disparity affects how entrepreneurs make decisions has significant ramifications for both the development of specific companies as well as the entire economy in emerging nations. The success, expansion, and resiliency of firms can be affected by the choices made by entrepreneurs as a result of economic inequality. Businesses may increase their productivity, provide job opportunities, and support economic growth by tackling the problems caused by economic inequality through inclusive policies and creative tactics.