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23 January, 06:03

Which statement accurately describes how Australia's government impacts entrepreneurs?

limits the number of workers that en entrepreneur may employ

limited educational opportunities for entrepreneurs

limits the amount of natural resources available to entrepreneurs

limits the regulations that entrepreneurs face when starting a new business

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  1. 23 January, 06:52
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    The correct option is the second statement; Australia's government impacts entrepreneurs by limiting educational opportunities for entrepreneurs.

    The skill required to succeed in the nowadays global economy is knowledge efficiently acquired, skilfully managed and creatively applied as the foundation of the high-growth industries. Even though Australia's government recognizes this, reason why it is increasingly adopting policies designed to reshape their education systems into ecosystems for the future entrepreneur, there are no Australian universities in Reuters' ranking of top 100 innovative universities.

    Even though several Australian universities have introduced promising initiatives, many of the existing programs are either too small or they do not engage students in STEM (cited research papers in Science, Technology, Engineering, and Mathematics) disciplines.

    From the stated above, it could be inferred that an important link is missing; the entrepreneur's ability to translate knowledge into Australian businesses and jobs.
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