it is importnt because it effects the job rate in this economy.
In a command economy, resources and production are controlled by the government, which makes decisions about what to produce, how to produce, and for whom to produce. Market forces, such as supply and demand, play a minimal role. Therefore, the concept of private ownership and free market competition is typically absent. Anything that promotes individual entrepreneurship or market-driven pricing would not be found in a command economy.
Yes. Entrepreneurship is one of the most important tools that drives the economy forward, hence improving the lifestyle.
Command economy: Government planners. Free-market system: Costumers and producers. Mixed economy: Government officials and producers
Its because its huge for any economy and if more people were one the financial problem could be no more.
it is importnt because it effects the job rate in this economy.
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Yes. Entrepreneurship is one of the most important tools that drives the economy forward, hence improving the lifestyle.
Command economy: Government planners. Free-market system: Costumers and producers. Mixed economy: Government officials and producers
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.
Its because its huge for any economy and if more people were one the financial problem could be no more.
Entrepreneurship is important beacause they organise, coordinate and manage all the other factors of production-land labour and capital, they take risk in aim of making a profit which is vital for a developing economy.
None
TO GENERATE GREAT EMPLOYMENT OPPURTUNITIES.
It is a command economy where the government controls the economy. It is a command economy where the government controls the economy.
Yes, Haiti is a command economy. A command economy is when the government controls the economy and you are guaranteed a job. However, with a command economy, you cannot open your own business.
The importance of group entrepreneurship is important because it provides the economy a solid boost based on the interests and entrepreneurial wishes or insights. Therefore, this makes the economy stronger, because it does not focus on a specific group, but on a set of different groups to pursue their dreams or aspirations.