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How does entrepreneur affect a country's standard of living?
Entrepreneurs play a crucial role in improving a country's standard of living by creating jobs, driving innovation, and stimulating economic growth. By starting new businesses, they generate employment opportunities, which can reduce poverty and increase income levels. Additionally, entrepreneurs often introduce new products and services that enhance quality of life and productivity. Their contributions to economic dynamism can lead to improved infrastructure and public services, further elevating living standards across society.
What are factors affecting economic and non economic industrialization?
A wide variety of factors affect economic and non economic industrialization. The culture of the people, the social climate, and the political motives of the nation all affect industrialization.
What is economically active?
Economic activity, is quite simply, the activity of the economy. It includes the growth and shrinkage of the economy and all factors that affect this (for example Aggregate Expenditure). It is commonly measured by the GDP (Gross Domestic Product) which is probably one of the most reliable economic indicator. Economic activity is the work that people do to enhance their quality of life. Economic activities include thing that people do to get, refine or use Natural Resources.
How does economic interdependence affect productivity?
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Socio-economic issues LO1 AS3?
Socio economic issues are things that not only affect the business but also affect the employee.Example:unemployement,crime and poverty
How does the social and economic change affect the quality of life of your children?
no children - no problems
How a cultural practices affect the social and economic development in Ghana?
socio-culturalpractices are the way of life in which one interact with himself and the environment. by frimpong emmanuel (uew)
How did hades interact with or affect human beings?
He did not interact with living mortals on earth; he ruled the dead.
What aspect of a city does not affect its value?
The ethnicity or cultural background of its residents does not directly affect the value of a city as value is more influenced by economic factors, infrastructure, amenities, and overall quality of life.
Factors that affect the quality of communication?
fators that affect the quality of communication is the environment
How do technologies affect our economic decisions?
the consumer economic decisions can affect the price and supply of a commodity
How do current economic issues affect your life?
Economic issues affect our life is very bad
How does Syria interact with or affect with US?
because we use their oil.
How did war affect america's economic situation?
economic problems
How does entrepreneur affect a country's standard of living?
Entrepreneurs play a crucial role in improving a country's standard of living by creating jobs, driving innovation, and stimulating economic growth. By starting new businesses, they generate employment opportunities, which can reduce poverty and increase income levels. Additionally, entrepreneurs often introduce new products and services that enhance quality of life and productivity. Their contributions to economic dynamism can lead to improved infrastructure and public services, further elevating living standards across society.
How does infrastructure affect a standard living in a country?
Infrastructure significantly impacts the standard of living in a country by facilitating access to essential services such as healthcare, education, and transportation. Well-developed infrastructure enhances economic productivity, attracts investment, and creates job opportunities, leading to better income levels. Additionally, reliable infrastructure improves the quality of life by ensuring efficient movement of goods and services, reducing travel time, and enhancing communication. Ultimately, robust infrastructure contributes to overall societal well-being and economic growth.
Examples of economic problems?
The examples of economic problems include poor infrastructure, corruption, insecurity and so much more. These are the things that affect the economy directly or indirectly.
