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Which kind of economy would you have the most opportunity to try to achieve success if you are an entrepreneur?
Market Economy
You are an entrepreneur with an innovative idea for a new business. In which kind of economy would you have the most opportunity to try to achieve success?
Most workers lack job security.
When You are an entrepreneur with an innovative idea for a new business In which kind of economy would you have the most opportunity to try to achieve success?
An entrepreneur with an innovative idea would have the most opportunity for success in a market economy. In this type of economy, competition fosters innovation and allows for creative ideas to flourish, as businesses strive to meet consumer demands. Additionally, a market economy typically offers access to venture capital and a supportive ecosystem for startups, making it easier to launch and scale new ventures. The flexibility and consumer choice inherent in market economies also create a fertile ground for new businesses to thrive.
What is necessary for countries economy?
the necessary things for a countries economy are the factors of production which is land , labour ,capital and entrepreneur.
How can an entrepreneur tell if a product opportunity gap exists?
By observing trends, solving a problem, and finding gaps in the marketplace are the three general approaches entrepreneurs use to identify an opportunity.
Which kind of economy would you have the most opportunity to try to achieve success if you are an entrepreneur?
Market Economy
How being an opportunity seeker can help become a successful entrepreneur?
to become a succesful entrepreneur,you need to have the PEc of the opportunity seeker...
You are an entrepreneur with an innovative idea for a new business. In which kind of economy would you have the most opportunity to try to achieve success?
Most workers lack job security.
Importance of entrepreneur?
Entrepreneur is important as it serves as the key driver to a healthy economy. Entrepreneurship is the fuel for the growth of the economy and creating new products and services.
What is the importance of the entrepreneur in a free enterprise economy?
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How u can learn business marketing. How to become an Entrepreneur?
Get opportunity to flourish
A person who sees an opportunity and takes advantage of it is called a?
A person who sees an opportunity and takes advantage of it is called an opportunist. entrepreneur
What is necessary for countries economy?
the necessary things for a countries economy are the factors of production which is land , labour ,capital and entrepreneur.
Impact marine insurance on an economy?
Impact marine insurance on an economy?
How is the concept of opportunity relevant to the economy of west African countries?
How is the concept of opportunity cost relevant to the economy of west African countries
How can an entrepreneur tell if a product opportunity gap exists?
By observing trends, solving a problem, and finding gaps in the marketplace are the three general approaches entrepreneurs use to identify an opportunity.
What is a sound business idea?
economic opportunity which is within the reach of the entrepreneur and which will provide him with a desirable value.
