Concept:The phrase “fear of failure” points to weak risk-taking and low entrepreneurial confidence in the economy. That is the main barrier blocking industrial development.
Explanation:The problem is not a lack of finance, workers, or factory space. It is the fear that discourages people from starting or expanding businesses.
Providing large capital as loans (option A) will not remove the fear of failure.
A large pool of labour (option B) only supplies workers; it does not encourage risk-taking.
Similarly, creating industrial estates (option D) provides infrastructure but still fails to address the psychological barrier to enterprise.
The most effective policy is to develop innovative entrepreneurs who are trained, confident, and willing to take calculated risks.
Governments can achieve this through business education, mentorship schemes, easier licensing, and incentives that reward new ideas.
When more innovative entrepreneurs emerge, new industries will be set up and existing ones will expand.
Thus, the root cause of stunted industrialisation is tackled directly.
Answer:C. development of innovative entrepreneurs