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ECON MICRO

5th Edition
William A. McEachern
Publisher: Cengage Learning
ISBN: 9781337000536

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BuyFindarrow_forward

ECON MICRO

5th Edition
William A. McEachern
Publisher: Cengage Learning
ISBN: 9781337000536
Chapter 13, Problem 5.11P
Textbook Problem
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(Entrepreneurship) What entrepreneurial idea do you have? How would your idea contribute to the economy?

To determine

The entrepreneurial ideas an individual possess and how these ideas can help contribute to the economy

Concept Introduction:

Entrepreneurship: The study of how organizations are created and this is the capacity of an individual to develop, organize, innovate and manage a business venture by taking on financial risks in the hope of earning profits.

Explanation of Solution

This answer could be answered in two parts.

The entrepreneurial idea that I have is to start a food and beverage firm under the hospitality industry. This will cater to the local population and will try to incorporate cuisines from different parts of the world...

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