Why is Entrepreneurship is very important in our economy?

Q: Entrepreneurship is becoming the driving force behind many economies in the world and most economies…

A: Entrepreneurship is significant for various reasons, from elevating social change to driving…

Q: What is the difference between Theoretical and Applied Research?

A: Research can either be theoretical or applied.

Q: What factors caused American business to develop into mixed economic system rather than any other…

A: A mixed economy comprises of both privately owned businesses and government or state owned entities.…

Q: What is the impact or effect of values, attitudes and beliefs on technological advancement?

A: Technology is defined as the accumulated knowledge and application of techniques,  skills, methods,…

Q: How business schools can improve the quality of education to produce and nourish good business…

A: Business schools are the major sources of making leaders for the future for the corporate world,…

Q: Why is it important to learn Entrepreneur? What should i do to be a successful entrepreneur?

A: In the market, organizations are the entities that work to produce output to earn revenue, maximize…

Q: the difference between mercantilism, liberalism, and Marxism. How does each view the purpose of…

A: Mercantilism was a trade-related economic policy that mainly existed from the 16th to the 18th…

Q: After comparing the advantages and disadvantages of entrepreneurship,you think you can realistically…

A: Entrepreneurship refers to the phenomenon in which an individual is responsible for the setting up,…

Q: What is the significance of the four forms of business? Write at least three each

A: What is the significance of the four forms of business? Write at least three each. Answer: There are…

Q: How is Social Entrepreneurship a contributing factor to SDG

A: In the field of social development, the beginning of the new millennium had brought with it a sea of…

Q: What are the different types of Economic Systems?

A: An economic system is a method by which social orders or governments coordinate and disperse…

Q: How does entrepreneurship contribute to a country's economy and society

A: The role of entrepreneurship is very important for every country.

Q: What are the important forms of production?

A: The concept depicts the way in which businesses tend to take inputs and then convert them into…

Q: Discuss the importance of entrepreneurship and innovation as well as describe their differences,…

A: Innovation is very important in order to get more revenue from any business and for improvement in…

Q: What is meant by entrepreneur? Explain why people are willing to take the risks of entrepreneurship?

A: Entrepreneur means someone who innovates and brings new ideas. With these ideas,new business…

Q: How do you view entrepreneurship in terms of its importance and roles in our economy?

A: Entrepreneurship is the most efficient use of unused resources, labor, and money. Entrepreneurs take…

Q: What are Traditional Society, Command Economy, Market Economy, and Mixed Economy? Which is best?

A: When a certain good is manufactured, cost  takes place and process of business follow ups. Business…

Q: What role do these entrepreneurial competencies play in the success of the entrepreneur as well as…

A: The person who tends to start a business and is also willing to risk loss for making more money is…

Q: Which of the following statement is correct about entrepreneurs? a. Entrepreneurs have more freedom.…

A: An entrepreneur is a person who starts a new business venture. His risk share is high as he invests…

Q: Why are the world lodging business growing at the rate of about 2.5 percent per year in normal…

A: Business can be profitable. For the business to be profitable, firms have to understand and analyze…

Q: attending summer school cost 2,200. If you worked, you could earn 7,000. What is the opportunity…

A: Opportunity Cost:The opportunity cost of using a commodity or activity is equal to the value or cost…

Q: What makes being an entrepreneur different from other profession?

A: Entrepreneurship is the term used to describe the process of starting a firm. Entrepreneurs are…

Q: Looking at the chart above Describe how technology is projected to affected the demand and supply of…

A: Technology – As more and more innovation and new ways to produce the goods leads to a reduction in…

Q: how is technopreneurship different from Entrepreneurship?

A: Entrepreneurship refers to the act of being an entrepreneur, who is the owner and manager of a…

Q: In factor markets, entrepreneurs

A: Government and central bank control the financial and economic functioning of a particular economy.…

Q: Explain capitalism or free market structure

A: Free Market Structure: when the government does not have any or less control over the economic…

Q: Explain what the Industrial Revolution was and where it began.

A: There are different sectors in an economy. These are agricultural sector, manufacturing sector and…

Q: What value does entrepreneurship provide for our economic well-being?

A: The concept that depicts the development and management of business ventures for gaining profit…

Q: How can or should U.S. innovation be encouraged? What is government's role? How shall this role, if…

A: U.S. innovation can be encouraged as:- The United States being a developed country has already…

Q: How does economic profits differ from Financial Profits? Give some examples.

A: Economic profit is benefits that can be measured as far as cash generated, for example, net gain,…

Q: Lately, a lot of people are buying iPhone 12. Which trend is it in entrepreneurial scope? Select…

A: Technology encompasses all techniques, skills, methods, and procedures employed in the manufacture…

Q: What are the 5 economic systems?

A: ‘Economic system’ is a means or tools by which society or government controls, distributes the…

Q: Does innovation start with creativity? Do you agree? Why or Why not?

A: The given statement is correct. Creativity is the ability or act of making something original and…

Q: ny peop

A: If the business environment is receptive to innovation only then are the gains of entrepreneurship…

Q: Why do you think technology is important in your studies?

A: Answer to the question is as follows:

Q: what is the relationship of entrepreneurship and soci-economics? what are their benefits?

A: Socioeconomics refers to the interaction between social and economic factors. In other words, it is…

Q: What is Economic community?

A: Economic community: When countries around the world are regional ones or in a certain cluster form…

Q: How are the natural and technological environments linked?

A: Natural environment includes all the living and non-living things that are occurring naturally.…

Q: What is the opportunity cost of going to college?

A: Opportunity cost is the next best alternative foregone. Opportunity cost=sacrifice/gain.

Q: How entrepreneurship contributes to the economy of a country?

A: In an economy, an entrepreneur is the person who comes up with new and innovative ideas, technology,…