Entrepreneurial Climate Creating Entrepreneurs

Abstract

The United States of America produced more entrepreneurs and created moreindustries than the European Countries and any other country in the world in the last twohundred years. The computer industry, the automotive industry, the entertainment industry,the airplane industry are a few examples of industries which started in the US instead of theold continent, Europe. The US had contextual factors to create these entrepreneurs andindustries. The pragmatism, the melting pot, the religious factors, individualism andfrontierism are the five transferable factors that every country may use. In this paper, thesefive factors and the entrepreneurial climate as the function of these factors will be explored.