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What is the significance of the four forms of business? Write at least three each
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- 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…What role do these entrepreneurial competencies play in the success of the entrepreneur as well as the success of the business?Choose a simple economic term and explain it.
- What will be produced in economic and how it will be produced?Match the product to the category in which it belongs. WORD BANK Club good, Common reosurce, private good, public good 1.Fish in the ocean- 2.Police Officer- 3.Cable Company- 4.Loaf of bread- 5.Military- 6.Night Club- 7.Hammer- 8.Toothbrush-Explain the factors within the economic environment affect business?