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What entrepreneurs is credited with fabricating a revolutionary invention that made it possible for businesses to make decisions much more quickly?
Wiki User
∙ 10y ago
Alexander Bell invented the telephone so buniness can get faster answers.
Wiki User
∙ 10y ago
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what role do entrepreneurs play in the economic decisions a society makes?
They organize resources to try to meet a society's wants and needs.
What is the best description of microeconomics?
The study of the economic behavior and decisions of individuals and businessesthe study of the economic behavior and decisions of individuals and businesses
What kind of economy is one in which individuals and businesses make most economic decisions?
Market.
What is a true market economy?
Supply and demand influences the economic decisions of businesses and individuals.
Governments and businesses use incentives to?
convince people to make certain economic decisions.
What do the decisions of entrepreneurs about where to locate new or existing businesses within the US suggest?
The decisions of entrepreneurs about where to locate new or existing businesses within the US suggest that they have conducted a feasibility study of the business.
Are successful entrepreneurs are thoughtful and never make quick decisions?
No. Sometimes the successful entrepreneurs are not thoughtful as you think and they may make quick decisions and lead to mistakes.
What did the Supreme Court decisions in the slaughterhouse cases do for American businesses?
The decisions showed that businesses have rights.
What did the supreme court in the slaughterhouse cases do for American businesses?
The decisions showed that businesses have rights.
What did the supreme court decisions in the slaughterhouse cases do for American business?
The decisions showed that businesses have rights.
What did the Supreme Court decision in the Slaughterhouse cases do for American businesses?
The decisions showed that businesses have rights.
What did supreme court decision in the slaughterhouse case do for American businesses?
The decisions showed that businesses have rights.
What did the supreme court decision in the slaughterhouse cases do for the American businesses?
The decisions showed that businesses have rights.
What did the Supreme court decision in the slaughterhouse case do for American businesses?
The decisions showed that businesses have rights.
Why do we need entrepreneurs?
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, new production techniques, and new forms of business organization. This innovation helps the economy grow.4) Entrepreneurs bear the risk of starting businesses. They expend their time, efforts, and abilities without being sure that they will profit from it.
what role do entrepreneurs play in the economic decisions a society makes?
They organize resources to try to meet a society's wants and needs.
What is the best description of microeconomics?
The study of the economic behavior and decisions of individuals and businessesthe study of the economic behavior and decisions of individuals and businesses
