Due to informal rules such as culture and ethics, some developed economies have a hard time fostering entrepreneurship.

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In some developed economies, a strong cultural emphasis on stability, security, and conformity can create barriers to the risky and innovative nature of entrepreneurship. Additionally, social norms and values that prioritize traditional career paths and discourage failure can also make it difficult for entrepreneurs to thrive in certain cultural contexts.

Due to Informal Rules Such as Culture and Ethics, Some