Element of the entrepreneurial ecosystem for developing sustainable startup creation

Abstract

Globally the term entrepreneurship is characterized by volatility and periodic spikes in the ecosystem of the country. Most of the countries easily managed their entrepreneurial ecosystem through governmental policies and trade with respect to world. While such own implementation can lead to crisis in other countries. Therefore, in order to stop these ramifications, it has become very important to study the entrepreneurial ecosystem of a country. Thus, to answer such intricate question, this paper explains the elements of entrepreneurial ecosystem and it’s characteristic. However, each characteristic depends on various actors and factors which leverage and reinforce their nation’s economy. On the same hand, more over, rapid increase in business houses in a short span of time is directly proportionate to the quality and need of such ecosystem. Typically, the characteristics of elements reveals the responsible, conducive and need of the nation.