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Entrepreneurship is like the fairy godmother of national productivity, waving its magic wand to turn resources into shiny, profitable businesses. It's basically the art of making things happen and creating wealth out of thin air. So, yeah, entrepreneurship is the secret sauce that keeps the economic engine running smoothly.
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Social and economic contributions of entrepreneur?
1. Entrepreneurship creates employment. 2. Entrepreneurship improves the quality of life. 3. Entrepreneurship contributes to more equitable distribution of income taxes and therefore eases social unrest. 4. Entrepreneurship utilizes and mobilizes resources for greater national productivity. 5. Entrepreneurship brings social benefits through the government.
Best definition of productivity?
Productivity is the measure of efficiency in which inputs, such as time and resources, are transformed into outputs, typically in the form of goods and services. It reflects how effectively an individual, team, or organization utilizes its resources to achieve desired results. High productivity indicates optimal use of resources, leading to increased output with minimal waste. Ultimately, it is a key factor in driving economic growth and improving overall performance.
What is The amount of goods and services produced by an economy divided by the amount of resources used to make those goods and services measures economic?
The amount of goods and services produced by an economy divided by the resources used to produce them measures economic productivity. This metric indicates how efficiently an economy utilizes its resources, reflecting the overall health and performance of economic activity. Higher productivity typically leads to greater economic growth and improved standards of living, as more output is generated with the same or fewer inputs.
What are the contributions of entrepreneurs to the society?
Entrepreneurs are job creators in the society. Also, they innovate new products that could make life easier for the consumer. They create new industries which is the key component for job creation.
When a successful business is able to use and sell its productive resources effectively the business is able to make a(n)?
When a successful business effectively utilizes and sells its productive resources, it is able to make a profit. This efficient management of resources leads to increased productivity and competitiveness in the market. As a result, the business can reinvest in growth, innovate, and enhance its overall sustainability. Ultimately, this creates value for both the company and its stakeholders.
Social and economic contributions of entrepreneur?
1. Entrepreneurship creates employment. 2. Entrepreneurship improves the quality of life. 3. Entrepreneurship contributes to more equitable distribution of income taxes and therefore eases social unrest. 4. Entrepreneurship utilizes and mobilizes resources for greater national productivity. 5. Entrepreneurship brings social benefits through the government.
Best definition of productivity?
Productivity is the measure of efficiency in which inputs, such as time and resources, are transformed into outputs, typically in the form of goods and services. It reflects how effectively an individual, team, or organization utilizes its resources to achieve desired results. High productivity indicates optimal use of resources, leading to increased output with minimal waste. Ultimately, it is a key factor in driving economic growth and improving overall performance.
What is the role of entrepreneurship in economic growth?
*it creates employment. *it contributes to a more equitable distribution of income. *it creates social benefits. *it utilizes and mobilizes resources for greater productivity. *it helps in dispersing industrial activities to the countryside. *it generates foreign exchange. *it nurtures entrepreneural talents. *it establishes industrial linkages. *it encourages healthy competition. *it promotes the use of modern technology. *it encourages more researches/studies and inventions of machines and equipment.
What is The amount of goods and services produced by an economy divided by the amount of resources used to make those goods and services measures economic?
The amount of goods and services produced by an economy divided by the resources used to produce them measures economic productivity. This metric indicates how efficiently an economy utilizes its resources, reflecting the overall health and performance of economic activity. Higher productivity typically leads to greater economic growth and improved standards of living, as more output is generated with the same or fewer inputs.
What are socio economics benefits from entrepreneurship?
* Entrepreneurship creates employment.The existence of business activities influences employment. Business estab­lishments need people to work for them.* Entrepreneurship improves the quality of life.People need to work in order to survive, attend to their needs, and satisfy their wants.* Entrepreneurship contributes to a more equitable distribution of income.With more entrepreneurial activities provided to the people in the country sides, natives have more work opportunities thus, discouraging them from reset­tling in other places.* Entrepreneurship utilizes resources.We may use our own natural resources, and process and convert them to more useful things.* Entrepreneurship brings social benefits through the government.The resources collected by the government are given back to the people in the form of services, infrastructure projects, school buildings, and maintenance of peace and order.
What couses competition?
The fact that resources are limited. Whichever organism utilizes the limited resources best will survive to create offspring.
What are the contributions of entrepreneurs to the society?
Entrepreneurs are job creators in the society. Also, they innovate new products that could make life easier for the consumer. They create new industries which is the key component for job creation.
When a successful business is able to use and sell its productive resources effectively the business is able to make a(n)?
When a successful business effectively utilizes and sells its productive resources, it is able to make a profit. This efficient management of resources leads to increased productivity and competitiveness in the market. As a result, the business can reinvest in growth, innovate, and enhance its overall sustainability. Ultimately, this creates value for both the company and its stakeholders.
Which exercise type utilizes actual staff commands and movement of resources to test and evaluate continuity?
funtional
Which exercise type utilizes actual staff commands and movements of resources to test and evaluate continuity capabilities?
funtional
Which exercise type utilizes actual staff commanders and movement of resources to test and evaluate continuity capabilities?
funtional
What is Pure Technical Efficiency?
The Pure Technical Efficiency measures how a DMU utilizes the resources under exogenous environments; a low PTE implies that the DMU inefficiently manages its resources. Ref: From my thesis research.
