Question

How does entrepreneurship impact women and minority economic geographies?Why does entrepreneurship in the United States matter to minorities and women?

Answer 1

Entrepreneurship impact on woman is high in the highest possible manner. This impact on the woman by empowering them to live alone and support themselves as the cost of living in US is very high. And when a woman is single it is not easy for her to meet all her bills and pay them off. The reason why it matter to the women in US is also because majority of them will have to support themselves. US is a country with a good rate of divorces. The rate of teen moms and parents are also on a good scale. This leaves the people in a verge to do something and make money. Mainly this can be seen with respect to those women who have not finished their UG degree or was not able to pursue their studies beyond that. And there are many supporting factors from the Government, economy and motivational factors that make them convert their ideas into business and grow the same into a success. But the financial factors and the family factors leave these women in a difficult situation where they are not able to find a good financial support and support from the family for the same. There are many women who are married and had to quit their dreams of studying a pursuing a career but right now see to pursue their dreams by setting a business.

Coming to the minority’s economic geographies, these are those geographies with a lower economic activity. Minority’s economic geographies have an impact from the entrepreneurship which is a positive one this is because; entrepreneurship helps an economy by making huge cash investments in the economy and thereby increasing the cash flow also. Eventually as the disposable income is also increased in the economy, there will be more investments made from external parties. And this matters to the minorities of the US so as to strengthen their economy and make it more powerful and par to the other economies in the geography which are having highest rate of economic activity.