Enterprise is the risk-taking,
organising factor of production; D of L is the specialisation
of economic activity by product or process. Enterprise organises the other factors to
promote output, efficiency and change while D of L reduces cost, raises productivity
and living standards.
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In an economy based on free enterprise people are free to start their own businesses.
The contributions of business to an economy are quite significant. The business sector is responsible for driving the economy. Business is very wide and is actually intertwined with the economy.
us economy
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The economy of the Bahamas is in a recession explain at least four contributions farming can make to the economy.
Yes, the US has a free enterprise economy.
"http://wiki.answers.com/Q/Explain_how_division_of_labour_and_specialization_enhance_production_in_an_advanced_economy"
The economy is a free enterprise market economy.
In an economy based on free enterprise people are free to start their own businesses.
The economy of Philippines is based on free enterprise.
A modified private enterprise economy is based on capitalism but has some government interference to prevent monopolies. Example is the economy of the U.S
The contributions of business to an economy are quite significant. The business sector is responsible for driving the economy. Business is very wide and is actually intertwined with the economy.
The contributions of business to an economy are quite significant. The business sector is responsible for driving the economy. Business is very wide and is actually intertwined with the economy.
us economy
us economy