Final answer:
Laws that support enforceable contracts reduce entrepreneurship risks by ensuring business transactions can occur without fear of non-payment, enabling economic growth.
Step-by-step explanation:
The risk of entrepreneurship is reduced by having laws that support enforceable contracts. An effective legal system that enforces contracts encourages people to engage in business transactions without fear of non-payment, which is crucial for economic growth. Such legal protections include the right for individuals to use their property to its fullest, ownership rights that make contracts possible, and limited financial and legal liabilities for incorporated businesses. This fosters a climate where businesses can take risks, which ultimately leads to the creation of more companies and jobs.