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Q: Define and discuss free enterprise and define and discuss profit motive?
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Q: Which one of the choices is NOT a characteristic of a capitalist economy? a. Profit motive b.…
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Q: Only people who have certain natural talents can be Entrepreneurs.
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Q: Why might government be less capable than the market to do good?
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A: e. All of these
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A: Externality refers to spill-over effect of a good or service on the society.
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Q: 41. Who gave 'Invisible Hand' theorem? (a) Robins (c) Karl Marx (b) Marshall (d) Adam Smith
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- Give examples of the government intervention in Organic View and in Mechanistic View.6. Which one of the choices is NOT a characteristic of a capitalist economy? a. Profit motive b. Consumer's freedom c. Private ownership of resources d. State control of the factors of productionMost economies in the world are built in a way that both the government and the private sector make economic decisions together. What type of economy is being described here? a. Capitalist economy b. Socialist economy c. Mixed economy d. Communist economy
- 11. The most fundamental economic problem is _________ . a. Security b. Scarcity c. Health d. None of theseWhat is the Social Activity and Religion in non-economic Factors? Discuss and explain... Use examplesExplain what non-economic (or non-market or non-capitalist) values are involved in your example and how they intersect with the economic activity you described.
- sing MS Word, Google Docs or any other application of your choice, create a handout in which you outline the steps in the entrepreneurial process as described in the section titled 1.4 The entrepreneurial process on Chapter 1: Entrepreneurship defined of the prescribed textbook. For each step, indicate which environmental factor(s) will most impact that step. Make sure that you justify your choice.1. It regulates the engagement between the producer and the consumer. A. Chamber of commerce B. Local community C. Government 2. Economic development is measured by looking at A.Wealth of the community B.Quality of life C.Type of businesses present 3.It is regarded as the engine of the economy. * A.Entrepreneurship B.MSME's C.Education 4.The future belongs to those who can think like a; A. Positive person B.Scientist C.Entrepreneur 5.Which of the following is an entrepreneurial mindset? * A.Vulnerable Mind B.Resilient Mind C.Rigid Mind 6. is more interested in being unique. A.Independent Mind B.Risk Managing Mind C.Designing Mind 7.It is determined to achieve stretch goals. * A.Resilient Mind B.Independent Mind C.Goal oriented and effectuating mind 8. It has the propensity to take calculated risks. * A. A positive mind B.Risk managing mind C. Calculated risk mind 9.It…Explain how your charity will make a difference to that counrty. is it a sustainable project? Discuss your views. (100 - 150 words) - plz answer this question it is not an essy, it is a homework given for a group ( its about establishing acharitable organization that help children in India and help to get their full rights. e.g. health and other things)
- Match the product to the category in which it belongs. WORD BANK Club good, Common reosurce, private good, public good 1.Loaf of bread- 2.Military- 3.Night Club- 4.Hammer- 5.Toothbrush-14. The Chinese government controls all factors of production, the Chinese government has which type of economic systems? A) Capitalism B) Socialism C) Market D) CommunismA) In which system are the 3 basic economic questions answered by custom and habit? B)Which system is self interest an important part of?
