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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.
What else can I help you with?
Explain why the US is considered to be a free enterprise economy with sovereignty?
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How does economy relate to free enterprise?
In an economy based on free enterprise people are free to start their own businesses.
What is another term for a modified private enterprise economy?
us economy
What are the contributions of business to an 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.
Who makes the decisions in a free enterprise economy?
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Explain why the US is considered to be a free enterprise economy with sovereignty?
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Does the United States have a free enterprise economy?
Yes, the US has a free enterprise economy.
What is question 3 for social studies bjc course work 2011?
The economy of the Bahamas is in a recession explain at least four contributions farming can make to the economy.
Explain how division of labor and specialization enhance production in an advanced economy?
"http://wiki.answers.com/Q/Explain_how_division_of_labour_and_specialization_enhance_production_in_an_advanced_economy"
What is argentina's economy type?
The economy is a free enterprise market economy.
How does economy relate to free enterprise?
In an economy based on free enterprise people are free to start their own businesses.
What economy does the Philippines have?
The economy of Philippines is based on free enterprise.
What is a modified private enterprise economy?
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
What is another term for a modified private enterprise economy?
us economy
What is another term for modified private enterprise economy?
us economy
what are contributions of business to 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.
What are the contributions of business to an 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.
