Final answer:
Push factors discouraging entrepreneurship include stringent government regulations, large bureaucracies, externalities, and immobility of market resources.
Step-by-step explanation:
- The push factors that discourage individuals from choosing entrepreneurship as a career option include several economic and socio-political challenges.
- One significant discouraging factor is the stringent government regulations that create bureaucratic red tape. This can involve the requirement of obtaining numerous permits, paying hefty fees, and adhering to restrictive zoning laws, which complicate the process of starting and operating a business.
- Additionally, inadequate competition in the market can discourage entrepreneurship due to the difficulty of entering markets dominated by established players.
- Another push factor is the large bureaucracy that often accompanies running a business, which can dissuade individuals who prefer flexibility and minimal administrative tasks.
- Moreover, the potential for externalities, such as environmental impact or social changes that might not be accounted for in a business plan, can be another deterrent.
- Lastly, if market resources such as labor, capital, and entrepreneurial effort cannot easily move to where they are most in demand, this immobility can also turn people away from pursuing entrepreneurship.