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Individual initiative in anything, including economics, is when a single person decides to take some action, and does so.
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∙ 12y ago
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What is individual initiative?
Please visit this Wikipedia link. It explains what individual initiative, AKA individualism, is.http://en.wikipedia.org/wiki/Individualism
How does the free enterprise system of the US promote individual initiative?
The free enterprise system of the US promotes individual initiative because it propagates the idea that every individual can be an entrepreneur and start his own business.
What is difference between micro economics macro economics?
Microeconomics is that branch of economics analysis which studies the economics actions and behavior of individual units such as individual customer individual firms etc ; on the other hand macroeconomics deals with the economics actions and behavior of not a single particular unit - but the whole concept combined together.
Micro economics deals with individual units in the economy?
Micro economics deals with smaller things like an individual peoples decisions and small communities. An example of a conflict is in micro economics it is irrational to vote yet in macro economics it is rational. Micro economics deals with more individual based problems while macro is more broad spectrum.
What is the discipline of economics concerned with individual units?
Microeconomics
What is individual initiative?
Please visit this Wikipedia link. It explains what individual initiative, AKA individualism, is.http://en.wikipedia.org/wiki/Individualism
Individual writes a proposed amendment?
initiative
How does the free enterprise system of the US promote individual initiative?
The free enterprise system of the US promotes individual initiative because it propagates the idea that every individual can be an entrepreneur and start his own business.
What is difference between micro economics macro economics?
Microeconomics is that branch of economics analysis which studies the economics actions and behavior of individual units such as individual customer individual firms etc ; on the other hand macroeconomics deals with the economics actions and behavior of not a single particular unit - but the whole concept combined together.
Micro economics deals with individual units in the economy?
Micro economics deals with smaller things like an individual peoples decisions and small communities. An example of a conflict is in micro economics it is irrational to vote yet in macro economics it is rational. Micro economics deals with more individual based problems while macro is more broad spectrum.
How to measure initiative?
You cannot "measure" initiative because it is a characteristic or quality of behaviour with no numerical basis. You can assess an individual's initiative by, for example, qualitatively gauging the efficiency and success of that person in solving a problem by it.
God's covenant relationship was based on what individual response to God's initiative?
Faith!
Socialism is often criticized for?
burying individual initiative under layers of bureaucracy.
What is the discipline of economics concerned with individual units?
Microeconomics
What are the characteristics of a free- enterprise system?
Private ownership individual initiative profit competition
Which branch of economics focuses on individual areas of the economy?
microeconomics
What is the coverage of micro economics?
To do with individual consumers, markets and firms.
