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Q: What is the collective term for all the characteristics of entrepreneurship?
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What is the relationship between factors of production and entrepreneurship?

The characteristics of entrepreneurship as factor of production include capital, which is the money needed to start the business. Any part of the business that has to do with the money is a characteristic of entrepreneurship.


Concepts and nature of international entrepreneurship?

The concept of the international entrepreneurship is to expand our business across a countries boundry. it is applicable for all size of business.with using available resources in a effective and efficient manner.


Why entrepreneurship is so important to your society?

Entrepreneurship is important beacause they organise, coordinate and manage all the other factors of production-land labour and capital, they take risk in aim of making a profit which is vital for a developing economy.


What is collective provision of goods and services?

Collective provision of goods and services are possible only in the case of Public Goods. Public goods are also known as Collective goods.non excludabilitynon - rival consumptionare the characteristics of the Public Goods. These are a very special class of goods which cannot practically be withheld from one individual consumer without withholding them from all (the "non-excludability criterion") and for which the marginal cost of an additional person consuming them, once they have been produced, is zero (the "non-rivalrous consumption" criterion). The classic example of a nearly pure public good is national defense


What is are the competencies of entrepreneurship?

The necessary competencies of entrepreneurship include foresight and ability to see the big picture; ability and willingness to take risks and to analyse whether, and when, risks are worth taking; excellent organizing capabilities, and faith - not necessarily just in the business to be started or run, but at least in one's own abilities to make it all work.

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