Relationship of Political Stability to Growth of Entrepreneurship

In order to relate political stability to growth of entrepreneurship, let us first define political stability. Political stability is defined as durability and integrity of a current government regime.  This is determined based on the amount of violence and terrorism expressed in the nation and by citizens associated with the state. A stable society is one that is satisfied with the ruling party and system of operations and is not interested in revolutionary or despotic ideas. (ask.com, 2014). A stable political picture of a country where the government takes full ruling is favored by most of the population, more especially the entrepreneurs because it means growth and stability. Political stability obliges the people to act together with the government to come up with a better understanding on how to promote public and private partnership. Political stability easily means absence of social unrest, revolutions, crises, problems, revolutions, hardships, and/or terrorism, and that the government is competent enough to control the nation in every incidence that might arise.

     Having been able to substantiate political stability, it would be easier for us to recount political stability to growth of entrepreneurship. A stable country always and at all times attracts investors to invest in the country and that the investors are giving their full trust to the government that their investments are not at stake. With their investments, they create jobs, therefore promoting economic development. In other words, the more stable the country is politically, the more investments the country will attract, therefore attracting entrepreneurs to enterprise and grows economically. The political stability runs hand in hand with economic development in defining the growth and intensification of entrepreneurship and entrepreneurs in a specific place or country.