In what way are entrepreneurs and businesses at the helm of the economy but commanded by consumers?
they serve an important purpose in the economy, the economy needs the entrepreneurs to sell various products, but the entrepreneur needs consumers to buy that particular product
Entrepreneurs are important because they help boost the economy. Entrepreneurs create jobs and help other businesses expand their clientele by partnering with them.
they start the businesses.
They start new businesses.
Yes, the idea of a private, free market where entrepreneurs are free to set up businesses, and consumers are not regulated by the government in a planned economy. That's not to say economic freedom isn't also evident in other types of economy.
What kind of energetic in Romania have started successful businesses that added jobs to the economy?
The economy directly affects business. When consumers have buying power, businesses will see more revenue. When the economy is depressed, businesses will see less revenue.
They both can make or break the economy. Great business that adds value for consumers will be appreciated and so does the economy grows. Shane | URLdreamer.com Consultant |
They can contribute to the economy in a number of ways. For example, many help to bring new technologies to the market. Steve Jobs, the founder of Apple Computers brought us the Mac and iPod. Bill Gates helped to bring Windows to life. And that led to the creation of a bizillion other software programs that needed Windows in order to run. Entrepreneurs can also create businesses that hire people. So it helps stimulate the… Read More
small businesses created most of the new jobs in our economy, putting entrepreneurs and entrepreneurship center stage. More recently, the Global Entrepreneurship Monitor project has provided us with the best picture of the contribution of entrepreneurs to economic growth
Big businesses are hurting the economy because they aren't paying employees a living wage. Without a living wage, consumers can't spend as they normally would.
Entrepreneurs start new businesses, often with new products or services. This creates jobs and a fresh opportunity for an economy to produce additional goods or services that will stimulate new demand. In this way, entrepreneurs grow both the demand side (employment) and the supply side (new products and services) of the economy. This creates opportunity and an improved quality of life.
they made efforts to build a free-market economy, or an economy in which producers compete freely for consumers' business.
Entrepreneurs help the economy by stimulating consumer spending and creating jobs.
A centrally planned economy is an economic system in which economic decisions are made by the state or government rather than by the interaction between consumers and businesses.
This is important because it helps to grow the economy. Entrepreneurs start new businesses, hire new employees, and help to grow their communities.
Entrepreneurs will start up businesses which will then hire new employees and help the job market. They will also put money back into the economy, helping it to grow.
The daily lives of the society are influenced by the Market economy. Consumers and their buying decisions drive the economy. The role of the government within a market economy is to make sure that the market is stable enough to carry out its economic activities properly. When a community of people all work together and do their part, the society will survive. For instance, when consumers are purchasing vehicles from foreign countries, the Canadian businesses… Read More
If taxes were lower, businesses and consumers would spend and invest their extra money, causing the economy to grow.
The government support entrepreneurs because they are valuable to the economy.
Small businesses are important to any economy because they employ many more local people than do large-scale corporations, and the money small businesses make stays local as well, funding the society directly. Money made in larger corporations is sent around the world to benefit other economies, whereas money made by small businesses stays in the home economy and benefits it directly. Small businesses started by entrepreneurs in a country can also reduce that country's dependence… Read More
In an increasingly knowledge-based economy, many businesses deal almost exclusively in intellectual property. Even for more traditional businesses, IP laws protect everything from your business name, logo, and slogan to the content on your website.
In economics, there are four basic types of resources: land (natural resources), capital (tools, machinery), labor, and entrepreneurial ability. People who have entrepreneurial ability -- entrepreneurs-- are essential to the economy. Entrepreneurs perform several key functions: 1) Entrepreneurs take initiative to combine land, capital, and labor to produce goods and services. Their initiative is the driving force of production. 2) Entrepreneurs make basic decisions about business policies. 3) Entrepreneurs are innovators. They create new products… Read More
The contribution of entrepreneurship in the Philippines economy is impressive. There is a high demand for entrepreneurs in the Philippines. There were over 830,000 entrepreneurs in the Philippines in 2011.
South Africa has a vibrant, market-driven economy. There are very large companies branching out into different sectors of the international world, all the way down to myriads of small businesses run by individuals at grassroots level. Opportunities are great for entrepreneurs.
A command economy is a private business that the government does not support. It is purely driven by consumers. They decide on what is produced. A demand economy is a business where only the government decides what is produced. There is also something called a mixed economy and that is when the government supports private businesses and decides what is produced for them.
Business Contributions to the Local and National Economy
Goverments use many policies such as the monetary policy and the fiscal policy to try to boost the economy and gradually diminish the recession. ie the policies are to do with lowering interest rates / fees to aid the profits of businesses and organisations and encourage increased money spending by the businesses which will aid the economy because businesses will be running at higher capacities, consumers have more money to spend - boosting economy and… Read More
We need entrepreneurs because they innovate, provide products and services, and create jobs.
In the 1920's, credit enabled consumers to boost corporate profits to new levels. But, when the stock market crashed, credit forced consumers into poverty. As a result, businesses who relied on credit failed.
Entrepreneurs can benefit and also face new competition because of the global economy. Productive new companies now have a larger market in which to sell their products. This is the positive side of the situation. Just the same, now companies from the new global economy can compete with entrepreneurs on a world wide basis.
Market Economy - Where consumers decide which goods and services they want and businesses provide these. Most businesses in a market economy are privately owned. The USA is an example of a market economy. Command economy - Where the government owns most businesses. The government decides what and how much will be produced. Russia and China used to have planned economies. Traditional economy - an economic system in which people make economic decisions based on… Read More
Some components of an economy are the consumers and products available for the consumers. Another major part of an economy is currency.
Entrepreneurs are important to the free enterprise system because their investments helped fund the industrial economy.
Business is the economy.
Starting a new business is a risky proposition. Studies show that about 50 percent of new businesses fail by their fifth year of operation. Despite the high failure rate entrepreneurs are willing to take the risks of starting a new business since success can bring great personal wealth. Risk taking by entrepreneurs is also important to everyone in a free market economy since new businesses provide jobs and lead to wealth creation for a large… Read More
Belgium is a mixed economy which is considered to be under the socialist system of governance. A mixed economy is where there participation from private entrepreneurs and the government.
The major role of entrepreneurs in any economy with regards to its growth is being self employed and reducing unemployment.
In a mixed economy some of the businesses are under private control and some of the businesses are run by the government. There is still a free economy if there is a mixed economy.
First, beware of political rhetoric: "President [insert name here] doesn't care about X!" Chances are the claim came from that president's political opponents. And in this case, the president's opponent, Mitt Romney, wants you to believe that the president doesn't care about small businesses. Political rhetoric is rarely 100% accurate, and this is no exception. Whether you agree with President Obama's policies or not, there is no credible evidence he doesn't care about entrepreneurs, and… Read More
A multitude of vigorous and private entrepreneurs in a market Bamboo capitalism refers to the growing market economy in China despite the Communist regime in the country. In particular it refers to the large number of entrepreneurs in the country who are assisting the economy.
a market economy
A communist economy is one of the three types of economic system. The two others are the capitalism economy and the mixed economy. The communist economy is also known as the planned economy. In a communist economy, it is fully operated by the government. There are only state owned and controlled businesses. The government answers all the fundamental economic questions. There is very little private sector, if there is any. The goods and services provided… Read More
drug dealers are "entrepreneurs" , just think about that
Entrepreneurs influence the European economy most by
India has a commanded economy under the new prime minister. It means the country has economy in its hands.
An economy that depends on a large amount of spending by consumers
Economies have several types of businesses, such as agricultural, manufacturing and service. Agricultural and manufacturing businesses are self-explanatory. Service business are ones that provided services like telephone, sales, medical and the like to the economy. A country's economy is called a service economy if its businesses are predominantly service oriented as opposed to agricultural or manufacturing oriented. The US has more businesses that provide services to the public than farming or manufacturing businesses, therefore it… Read More
Agriculture helps sustain the economy. Farmers grow food and sell it to consumers. Consumers use the food to support their families.
because there starting there own business...