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Why is entrepreneurial ability considered a category of economic resource that is distinct from labor?
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Because the entrepreneur; takes the initiative, makes strategic business decisions, innovates, and bears risk.
Entrepreneurial ability is considered to be a completely separate factor of production.
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∙ 12y ago
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Categories used to classify economic resources?
Land, Labor, Capital, and Entrepreneurial Ability
Role of socio economic environment in entrepreneurial development?
Anterprenor is a that person who imetates , inovates and who undertakes a business
What are the economic and social goals of society?
Which of the following is not considered an economic and social goal of society?economic efficiencystabilityeconomic growthentrepreneurship
Is population considered as an economic issue if yes is it a macro or microeconomics?
Yes, it is an economic issue and it is a macro economic indicator.
Does autocratic rule help or hurt economic processes?
There is no general answer to that. Autocratically ruled China saw fantastic economic development in the last 30 years; autocratically ruled Zimbabwe in the same period was brought from reasonably prosperous to dirt poor by its Government. The progress of economic development has more to to with things like a people's entrepreneurial spirit, a Government's focus on and choices in economic development, levels of corruption in a country etcetera.
Categories used to classify economic resources?
Land, Labor, Capital, and Entrepreneurial Ability
What economic category is Greece in?
Greece lies in ascending economic category, as its a emerging economy not like linear economic parabola which developed countries exhibit
Role of socio economic environment in entrepreneurial development?
Anterprenor is a that person who imetates , inovates and who undertakes a business
Are entrepreneurial management relating to an enterprise?
In a way yes. Entrepreneurial management mostly relates to businesses those that operate a business that they themselves have started. But if you mean enterprise as in an economic principal, then it could also be related. Free enterprise is an economic system in which private business operates in competition and largely free of state control.
Why are entrepreneurial companies important to your economy?
The growth of these companies from nothing stimulates economic growth from scratch and provides lots of new jobs.
What has the author Ralph Horwitz written?
Ralph Horwitz has written: 'Entrepreneurial management' 'The political economy of South Africa' -- subject(s): Economic conditions, Indigenous peoples 'South Africa's business' -- subject(s): Economic policy
What is the Difference entrepreneurial profit and accounting profit?
Accounting profit is simply the bottom line of a business income statement and is an absolute number, whereas an entrepreneurial profit uses the economic concept of opportunity cost. It is the profit that the entrepreneur would have earned if he or she had invested both time and money in some other enterprise.
Who was in sectionalism?
The breaking up of the United States into three separate and distinct Economic, Political and Geographical sections.
Data is considered as an economic asset like landlabor and capital?
why is data considered as an economic asset like land, labour and capital
What are the economic and social goals of society?
Which of the following is not considered an economic and social goal of society?economic efficiencystabilityeconomic growthentrepreneurship
Is population considered as an economic issue if yes is it a macro or microeconomics?
Yes, it is an economic issue and it is a macro economic indicator.
What is considered Instruments of national power?
ECONOMIC
