Understanding Business
11th Edition
ISBN: 9780078023163
Author: William G Nickels, James McHugh, Susan McHugh
Publisher: McGraw-Hill Education
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter 2.1, Problem 2.1BQ
Summary Introduction
To determine: The innovations that can help in increasing economic development.
Introduction:
Economics is the term used for the study of production, distribution and consumption of resources.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
The role of entrepreneurs in growing economies and creating employment is explained.
Does technology provide more upsides or downsides for our economy?
Can technology transfer or technology acquisition enable an economy to skip early stages stipulated by Rostow and still achieve sustainable growth?
Chapter 2 Solutions
Understanding Business
Ch. 2.1 - Prob. 2.1AQCh. 2.1 - Prob. 2.1BQCh. 2.1 - Prob. 2.1CQCh. 2.1 - Prob. 1TPCh. 2.1 - Prob. 2TPCh. 2.1 - Prob. 3TPCh. 2.2 - Prob. 2.2AQCh. 2.2 - Prob. 2.2BQCh. 2.2 - Prob. 4TPCh. 2.2 - Prob. 5TP
Ch. 2.2 - Prob. 6TPCh. 2.2 - Prob. 7TPCh. 2.3 - Prob. 2.3AQCh. 2.4 - Prob. 2.4AQCh. 2.4 - Prob. 8TPCh. 2.4 - Prob. 9TPCh. 2.4 - Prob. 10TPCh. 2.4 - Prob. 11TPCh. 2.5 - Prob. 2.5AQCh. 2.5 - Prob. 2.5BQCh. 2.6 - Prob. 2.6AQCh. 2.6 - Prob. 12TPCh. 2.6 - Prob. 13TPCh. 2.6 - Prob. 14TPCh. 2.6 - Prob. 15TPCh. 2 - Prob. 1CTCh. 2 - Prob. 2CTCh. 2 - Prob. 3CTCh. 2 - Prob. 1DWSCh. 2 - Prob. 2DWSCh. 2 - Prob. 3DWSCh. 2 - Prob. 4DWSCh. 2 - Prob. 5DWSCh. 2 - Prob. 1TITCh. 2 - Prob. 2TITCh. 2 - Prob. 3TITCh. 2 - Prob. 4TITCh. 2 - Prob. 1VCCh. 2 - Prob. 2VCCh. 2 - Prob. 3VC
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.Similar questions
- As a student, In what way can you contribute to the growth of the economy? explain your answer In your own wordsarrow_forwardWhat minerals may be lacking in your diet? Are there particular foods that you avoid that you now realize may be important to your health? Are there foods you think you should try to add to your diet?arrow_forwardHow can external economic forces play a part in business?arrow_forward
- How important is for a business student to know the economic indicators?arrow_forwardFind a link to an article that you think is related to the economy. It could be any article just write a short sentence or two explaining what the economic link is.arrow_forwardWhat is the relevance of entrepreneurship and entrepreneurs in economicdevelopment and society. Explain it in 400 words with the terms below. You may explain it by giving a scenario or an example. Improves the quality of life Brings social benefits to the people this is not a writing assignmentarrow_forward
- of why not? Countries like the United States that have a high standard of living are referred to as industrialized nations. Countries with a lower standard of living and quality of life are called developing countries (or sometimes underdeveloped or less-developed countries). What factors often prevent developing nations from becoming industrialized nations? What can businessarrow_forwardwhat do you think are the opportunities and threats that you see from the macro environment, industry, market, micromarket, and consumer perspective of the business you intend to pursue or already pursuing?arrow_forwardWhy are there so few traditional economies today?arrow_forward
- Enumerate 10 roles of business in socio-economic development. It should be done in sentence form.arrow_forwardTechnology may have a macroeconomic and microeconomic effect on economic growth. What types of technologies are needed to have such macroeconomic consequences? On a micro-level?arrow_forwardIdentifying new sources of energy has been an important business opportunity for quite some time. Your firm is interested in acquiring geothermal and solar energy firms around the world that can offer the best growth potential. What are the top three countries with strong firms in the geothermal and solar energy industry that you would recommend your firm to look into?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Foundations of Business - Standalone book (MindTa...MarketingISBN:9781285193946Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage LearningFoundations of Business (MindTap Course List)MarketingISBN:9781337386920Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning
Foundations of Business - Standalone book (MindTa...
Marketing
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning