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Why is it important for an economy to encourage more people to start their own business?
Wiki User
∙ 8y ago
A business venture means manufacturing, marketing, sale and profit. As the venture grows in size do does it needs manpower to move to higher notches of success. Employment and paying capacity helps other sectors also to grow, which in turn give the economy a boost. I think that's the primary reason why it is important for people to start up their own business venture.
Wiki User
∙ 8y ago
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How does the changes in economy affect business?
make people lose their business
How do business firms help uplift the economy?
Business firms helps to uplift the economy in doing researches looking into the future on how to implements inputs and outputs devices on moving the economy forward. They also hire people, creating jobs, and produce products which people buy, creating capital. Along with government support, they are very important to the economy.
How does business help the economy?
Business help the economy by generating revenue. There is also creation of employment which means that more people are able to get an income which boosts the economy.
What will happen to Canadian interest rates?
Canadian interest rates may be lowered to encourage people to borrow more money and invest. Low interest rates can foster business activity if an economy is experiencing less productivity.
What is the role of business in economy?
Business keeps the money flowing. When somebody spends something at a business, the people working there have extra money to spend on something else, which gives the people at another business extra money to spend...etc. When theft occurs, people start saving money, or don't have extra money to spend, the economy slows down.
Why we should invest our capital into your business?
You can encourage people to invest capital into your business. People should invest capital in a business when they believe the business will either be profitable or fill a social need which is important to the investor.
Why do people engage in the business?
people encourage them self to do business in order gain money and be a part of a progress economic.
How does the changes in economy affect business?
make people lose their business
How do business firms help uplift the economy?
Business firms helps to uplift the economy in doing researches looking into the future on how to implements inputs and outputs devices on moving the economy forward. They also hire people, creating jobs, and produce products which people buy, creating capital. Along with government support, they are very important to the economy.
Why encourage people to migrate to the NW territory?
So there economy can function better with more workers.
How does business help the economy?
Business help the economy by generating revenue. There is also creation of employment which means that more people are able to get an income which boosts the economy.
Why is business the backbone of a society?
Business is the backbone of society because it drives the economy. People need to spend money to keep the economy flowing and to keep people employed,
What will happen to Canadian interest rates?
Canadian interest rates may be lowered to encourage people to borrow more money and invest. Low interest rates can foster business activity if an economy is experiencing less productivity.
What is the role of business in economy?
Business keeps the money flowing. When somebody spends something at a business, the people working there have extra money to spend on something else, which gives the people at another business extra money to spend...etc. When theft occurs, people start saving money, or don't have extra money to spend, the economy slows down.
An economy where people can run and own business?
Capital goods
What is important about the US economy?
Its important because, We need to learn about it also if our economy is bad, people get laid of of work and etc. If our economy is good, were doing fine.
What type of economy allows people the freedom to own operate and profit from their own business?
Free market economy.
