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Enterprises contribute to economic development by creating jobs, which reduces unemployment and increases disposable income for households. They drive innovation through research and development, leading to new products and technologies that enhance productivity. Additionally, enterprises generate tax revenues for governments, which can be reinvested in public services and infrastructure. Overall, their activities stimulate economic growth and improve living standards.
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What are the two contributions that small enterprises make to the development of an economy?
Small enterprises contribute to economic development by creating jobs and fostering innovation. They often serve as a source of employment, providing opportunities for local communities and reducing unemployment rates. Additionally, small businesses drive innovation by introducing new products and services, adapting to market needs, and enhancing competition, which can lead to greater efficiency and economic growth.
Why is interstate commerce so important to the development of the country and its economy?
Each state can market the goods they produce and make a living.
What are some contributions farming can make to assist in improving the economy in a recession?
Farming helps the economy in a recession by providing jobs, providing food , helps with foreign exchange due to exports and helps a country to become self sustainng.
What is the Main characteristics of USA a developed economy?
Main characteristics of USA, a developed economy? Main characteristics of INDIA,a developing economy? compare both the economics on the basis of characteristics as noted above? stress on those characteristics of Indian economy which seems as weakness in the development of an economy? give your suggesstion on the basis of the detail you have collected above what charecteristic India should achieve to become a developed economy? make an emphasis on the most significant features of economy of USA which are not found in the INDIAN economy?
What type of economy is a market economy?
a economy where people decide what to make and who to sell it to.
What are the two contributions that small enterprises make to the development of an economy?
Small enterprises contribute to economic development by creating jobs and fostering innovation. They often serve as a source of employment, providing opportunities for local communities and reducing unemployment rates. Additionally, small businesses drive innovation by introducing new products and services, adapting to market needs, and enhancing competition, which can lead to greater efficiency and economic growth.
What are some contributions in make to the development?
premium
What contributions did he English make to the development of American government?
About 48% of the colonists were English, so they made considerable contributions to the development of the government.
What contributions do entreprenuers make towards the developnment of any economy?
They bring resources to areas of the economy they are needed.
What contributions overtime did the Japanese make to the development of Broome and the pearling industry?
there is nothing to Answer THIS
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.
What contributions to art did Jan Van Eyck make?
A central innovator in the development of oil painting
What contributions did Indo-European people make to the development of Western Civilization of the Ancient World?
they made plow i think
What contributions did indo-european people make to the development of western civilization during the ancient world?
they made plow i think
What contributions did Draco make to the development of Athenian democracy?
he changed laws and made new promises and less merciful laws
What contributions did Moseley make to development of The modern periodic table?
Mosley arranged elements in order of increasing atomic number
Does Concord Enterprises make crayons?
Yes
