ECON MICRO (with MindTap, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
6th Edition
ISBN: 9781337408059
Author: William A. McEachern
Publisher: Cengage Learning
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Question
Chapter 13, Problem 10P
To determine
The ways in which an economy is affected by the actions of entrepreneurs.
Concept Introduction:
Entrepreneur creates businesses and new businesses create jobs, strengthen market competition and increase productivity. These are some brief advantages of entrepreneurship.
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Question-2) What is the name of the
ideas that can be transformed into
products and services that will provide
value to the customer, profit to the
entrepreneur, benefit to the society.
a) Creativity
b) Business idea
c) Innovation
d) Innovation
e) Entrepreneurship
Subject: ( Enterprenurship )
Define SMEs.
Also write down Financial and marketing problems of SMEs.
(Economic Systems) The United States is best described as having a "mixed" economy . What are some elements of command in the U.S. economy? What are some traditional elements?
Chapter 13 Solutions
ECON MICRO (with MindTap, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
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- 16arrow_forward27- Which of the following statements is not a factor of production? a) Soil B) Entrepreneur NS) Snow D) Work TO) Capitalarrow_forwardQuestion 5 Year Economic Growth (%) 2010 2011 2012 2013 2014 2015 2.7 1.7 1.3 2.7 2.5 1.9 Unemployment (%) 9.6 8.9 8.1 7.4 6.2 5.3 Examine the data on the economic growth and unemployment rate for 2010-2015 What trends do you observe in the unemployment rate? In economic growth? Identify the relationship between Economic Growth and Unemployment, if any. (positive, negative, no relationship) Use the data to justify your choice. Does the relationship observed in part 2 satisfy the economists' view of the relationship between economic growth and unemployment? Use references to support your answer. (1) (ii) (iii)arrow_forward
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