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Why is important for an economy like the UK to encourage enterprise and entrepreneurship?
Wiki User
∙ 6y ago
Because - they create and improve working relationships, and lead to increased trade - adding to a company's income. That, ultimately - puts more money into the tax system, which benefits the whole country.
Wiki User
∙ 6y ago
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Why is it important for an economy like the UK to encourage enterprise and entrepreneurship?
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What is a free-interprise system How does this system encourage the creation of new industries and jobs?
Free enterprise opens up the economy to greater entrepreneurship, thus boosting overall activity creating new jobs.
Why is entrepreneurship important to a country economy?
it is importnt because it effects the job rate in this economy.
Why is competition important to a free enterprise economy?
Competition is important to a free enterprise economy for many reasons including; lower pricing, improving product and attracting consumers.
Does entrepreneurship improves the quality of life?
Yes. Entrepreneurship is one of the most important tools that drives the economy forward, hence improving the lifestyle.
What is another word for enterprise?
The word 'economy' is a noun as a word for the wealth and resources of a country or region, including the production and consumption of goods and services; a word for careful management of available resources, especially money.The noun 'economy' is a common, abstract noun.The word 'economy' is also an adjective.
Importance of entrepreneur?
Entrepreneur is important as it serves as the key driver to a healthy economy. Entrepreneurship is the fuel for the growth of the economy and creating new products and services.
What is the most important effect that entrepreneurship has on the us economy?
Its because its huge for any economy and if more people were one the financial problem could be no more.
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.
Why are entrepreneurs important to a free enterprise system?
Entrepreneurs are important to the free enterprise system because their investments helped fund the industrial economy.
What is the role of entrepreneurship in the economy as a whole?
None
Does the United States have a free enterprise economy?
Yes, the US has a free enterprise economy.
