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In many countries, entrepreneurs have been able to create new companies based on new ideas in technology along with many governments providing tax breaks or incentives to help a new business, with large competitors, have a chance with success. Companies such as Google, for example were a surprise to many people. However, finding better ways to accomplish what so called "established industries" had a padlock on has allowed for new companies, world wide.
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How are entrepreneurs affected by global economy?
Entrepreneurs can benefit and also face new competition because of the global economy. Productive new companies now have a larger market in which to sell their products. This is the positive side of the situation. Just the same, now companies from the new global economy can compete with entrepreneurs on a world wide basis.
How do entrepreneurs help the economy?
Entrepreneurs help the economy by stimulating consumer spending and creating jobs.
Why are entrepreneurs important in a free enterprise economy?
Entrepreneurs are important because they help boost the economy. Entrepreneurs create jobs and help other businesses expand their clientele by partnering with them.
Who decides what is produced in a market economy?
Entrepreneurs
Why does the economy need entrepreneurs?
We need entrepreneurs because they innovate, provide products and services, and create jobs.
How are entrepreneurs affected by global economy?
Entrepreneurs can benefit and also face new competition because of the global economy. Productive new companies now have a larger market in which to sell their products. This is the positive side of the situation. Just the same, now companies from the new global economy can compete with entrepreneurs on a world wide basis.
How do entrepreneurs help the economy?
Entrepreneurs help the economy by stimulating consumer spending and creating jobs.
Why are entrepreneurs important in a free enterprise economy?
Entrepreneurs are important because they help boost the economy. Entrepreneurs create jobs and help other businesses expand their clientele by partnering with them.
Why does the government support entrepreneurs?
The government support entrepreneurs because they are valuable to the economy.
Who decides what is produced in a market economy?
Entrepreneurs
Why does the economy need entrepreneurs?
We need entrepreneurs because they innovate, provide products and services, and create jobs.
In what way are entrepreneurs and businesses at the helm of the economy but commanded by consumers?
they serve an important purpose in the economy, the economy needs the entrepreneurs to sell various products, but the entrepreneur needs consumers to buy that particular product
Why are entrepreneurs important to the U.s. economy?
they start the businesses.
Entrepreneurs have the most economic freedom in which type of economy?
capitalism
What type of economy would most commonly have entrepreneurs?
Capitalist.
What are the four degrees of competition that exist in a capitalistic economy?
The four degrees of competition that exist in a capitalistic economy are: perfect competition, monopolistic competition, oligopoly, and monopoly.
Why are entrepreneurs considered the driving force in an economy?
They start new businesses.
