yes
dynamic process of creating incremental wealth is called Entrepreneurship. so search on entrepreneurship :)
it helps peple with better jobs
use the factors of production to create something of value
The resources that contribute to the creation of wealth include natural resources, such as minerals and land; human resources, which encompass labor and skills; and capital resources, like machinery and technology. Additionally, entrepreneurship plays a crucial role by combining these resources to innovate and create goods and services. Together, these elements drive economic growth and increase overall wealth in a society.
One advantage to entrepreneurship is the fact that these people create jobs. With more entrepreneurs, individuals can support their families with the money they make.
dynamic process of creating incremental wealth is called Entrepreneurship. so search on entrepreneurship :)
it helps peple with better jobs
Entrepreneurship is important because it has the ability to improve standards of living and create wealth, not only for the entrepreneurs, but also for related businesses. Entrepreneurs also help with innovation, where new and improved products enable new markets to be developed.
use the factors of production to create something of value
i need the answer
One advantage to entrepreneurship is the fact that these people create jobs. With more entrepreneurs, individuals can support their families with the money they make.
create finance attract infrastracture create employment promote technology promote use of local resourse create skills and awareness
entrepreneurship helps create a balanced regional development. i.e growth of industries and businesses leads to a lot of public benefits in different areas.
Bill Byrne has written: 'Habit$ of wealth' -- subject(s): Corporate culture, Entrepreneurship, Leadership, Management
A country can increase its wealth by fostering economic growth through various means, such as investing in education and infrastructure, which enhances productivity and innovation. Encouraging foreign investment and trade can also expand markets and create jobs. Additionally, implementing sound fiscal and monetary policies helps maintain stability and attract investment. Finally, promoting entrepreneurship and supporting small businesses can drive economic dynamism and wealth creation.
Entrepreneurship creates new businesses and business platform. These new businesses create employment and new market in the business related world.
Factors of Production 1. Land 2. Labor 3. Capital 4. Entrepreneurship 5. Knowledge