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dynamic process of creating incremental wealth is called Entrepreneurship.
so search on entrepreneurship :)
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What best describes the economic policy of mercantilism?
Colonies creating wealth for the mother country.
What was the description of socialistic approach to the goal of equitable distribution of wealth?
The description of socialistic approach tot he goal of equitable distribution of wealth is the democratic process. The socialist's main concern with capitalism is that it creates economic inequality.
How do you describe WEALTH?
Wealth is when your are not poor, but very rich
What is the distribution of wealth in Egypt?
its called "80,20" 80% own 20% of the wealth and 20% own 80% of the wealth
What is the problems of wealth maximization?
the problems of wealth maximization is the minimumization of wealth minimumization...ask me no more thats final......,
What is incremental wealth?
Incremental wealth refers to the increase in a person's financial assets or net worth over a specific period of time. It is usually achieved through savings, investments, or other forms of income generation. Incremental wealth can be measured by comparing the individual's current financial position to their previous financial position, taking into account any changes in assets, liabilities, or overall net worth.
Which term best describes the practice of creating wealth from colonies?
Mercantilism
What best describes the economic policy of mercantilism?
Colonies creating wealth for the mother country.
What is the meaning of dynamic endowments?
Dynamic endowments refer to changes in the resources or assets available to an individual or organization over time. This can include fluctuations in income, investments, or other sources of wealth. Managing dynamic endowments requires adaptability and strategic planning to make the most of changing circumstances.
Why are noblewomen from the middle ages important to history?
they were objects for creating heirs, and showing off wealth
According to William Jennings Bryan what is the most important activity of business men?
Creating wealth
Which term best describes the practice of creating and maintaining wealth by carefully controlling trade?
Mercantilism
How do you make a sustainable town?
You make a sustainable town by creating job opportunities and wealth creation opportunities.
What is wealth maximization in financial management?
Wealth maximization is a term that refers the process done by business that brings in high returns. For instance, making investments is an example of wealth maximization.
What has the author WILLIE Henderson written?
WILLIE HENDERSON has written: 'EVALUATING ADAM SMITH: CREATING THE WEALTH OF NATIONS'
What is the meaning of enterprenuership?
It can be the act of one who organizes, manages, and assumes the risks of a business or enterprise." Entrepreneurship is the dynamic process of creating incremental wealth. This wealth is created by individuals who assume the majority risks in terms of equity, time, and/ or career commitment of providing value for some products or services. The product or service itself may not be new or unique but value must somehow be infused by he entrepreneur by securing and allocating the necessary skills and resources." (Ronstadt, 1984:28)According to Shapero (1975)"In entrepreneurship, there is the agreement that we are talking of a kind of behaviour that includes :initiative takingthe organizing or reorganizing of socio-economic mechanisms to turn resources and situations to practical accounts, andthe acceptance of the risk of failure"In effect, an entrepreneur is an innovator or developer who recognizes and seizes opportunities; converts those opportunities into workable ideas; adds value through time,effort, money or skills; assume the risks of the competitive marketplace to implement these ideas, and realizes the rewards from these efforts. (Ronstadt, 1985)
What are the four major of accounts?
The basic function of Accounting includes the creation, maintaining, managing financial records ranging from business transactions and maintaining the process of creating wealth. Accounting facilitates in order to assess the financial position of a certain business at any particular time.
