What role does social marginality play in promoting entrepreneurship?a)It discourages people from becoming entrepreneurs.b)It has no impact on entrepreneurship.c)It provides personnel to assume entrepreneurial roles.d)It limits access to financial resources for entrepreneurs.Correct answer is option 'C'. Can you explain this answer?

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Answer

Impact of Social Marginality on Promoting Entrepreneurship

1. Encouraging Entrepreneurship:
Social marginality can provide individuals with unique perspectives and experiences that may drive them to pursue entrepreneurial opportunities. These individuals, often facing societal exclusion or discrimination, may find empowerment in creating their own businesses.

2. Diverse Skill Sets:
Individuals from socially marginalized backgrounds may possess a diverse set of skills and knowledge that can be beneficial in entrepreneurship. Their different perspectives and insights can lead to innovative ideas and approaches in business.

3. Filling Entrepreneurial Roles:
Social marginality can create a pool of individuals who are willing to take risks and think outside the box, making them more likely to assume entrepreneurial roles. This can lead to a more diverse and inclusive entrepreneurial ecosystem.

4. Overcoming Challenges:
Entrepreneurs from socially marginalized backgrounds may have faced numerous challenges and obstacles in their lives, making them resilient and adaptable in the face of adversity. This can be a valuable asset in navigating the uncertainties of entrepreneurship.

5. Motivation and Drive:
Social marginality can fuel a strong sense of motivation and drive in individuals to succeed and prove themselves. This determination can be a key factor in the success of an entrepreneur, as they are willing to work hard and overcome obstacles to achieve their goals.

In conclusion, social marginality can play a significant role in promoting entrepreneurship by providing a pool of individuals with diverse skills, unique perspectives, and the motivation to succeed in the face of challenges. Embracing and supporting these individuals can lead to a more inclusive and innovative entrepreneurial landscape.

Answer

Social marginality provides personnel to assume entrepreneurial roles. Individuals or groups on the periphery of a social system or between two social systems often have the motivation and characteristics that make them more likely to become entrepreneurs.

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