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 KCSE business studies paper 1 revision questions and answers Set 1

State four factors that limit the number of entrepreneurs in an area.

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Answer Text:
-Inadequate capital for starting and running business
-Inadequate entrepreneurial skills or technology
-lack of interest in a personal business
-lack of ability to borrow capital from financial institutions.
-Poor infrastructure of roads/communication/health water system etc.
-Inadequate raw materials
-Inadequate labour
-Poor government policies
-Poor technology in the area


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