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Basically people of underdeveloped countries cannot take risk (due to lack of education, lack of social awareness, low finance,etc.). Hence they depend on Government to support in creating employment opportunities & expect government to set example in creating /building business organizations usually called as public sectors ( Like in Asia -India & Mexico).
government act as creator , regulator & caretaker & helps independent entrepreneurs to come up gradually by following government initiatives. Through public sectors Government of a given nation may train people into industrial behaviour keeping them as employees. By & by it may develop them Intrapreneurs which lead to entrepreneurship. In India Persian community exhibitted entrepreneurial behaviour (in Jewish countries Jews exhibitted the same).Once the culture of entrepreneurship penetrates there is a possibility a society can find more risk takers.
If social & cultural background of a country is not towards entrepreneurial behaviour imitative entrepreneur may be needed which a Government can do or a community may do such imitation.
Contributor's ID-- y_s_ganesh@Yahoo.com
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Why do large companies make their clothes in other countries?
Usually other countries (like China) don't have laws about minimum wage or child labor. Therefore, textile and clothing companies can hire a lot of people (adults AND children), and pay them very little to make goods to sell and ship to buying countries. Because of all this cheap labor, the products are cheaper, and designers can buy textiles for very low prices while making a better profit. This is why they sometimes prefer to buy from other countries.
When trading in global markets most countries prefer to import more than they export?
Countries often prefer to import more than they export to access a wider variety of goods and services at competitive prices, enhancing consumer choice and satisfaction. Additionally, importing can help mitigate domestic shortages and support industries that rely on foreign inputs. However, a trade imbalance can lead to concerns about domestic production and economic stability, prompting some nations to implement policies to boost exports. Ultimately, the preference for importing over exporting reflects a balance between consumer demand and economic strategy.
What do most businesses and citizens prefer?
Stable economy
What is better Nike dry fit or Under Armour cold fit?
I prefer Drifit better since its more comfortable! DOnt get me wrong under armour is great I prefer Dri Fit!
Why do economists prefer to compare real GDP figures for different years instead of GDP figures?
economists prefer to compare real gdp figures for different years instead of comparing nominal gdp figures. why?
How do you spell sound of spitting?
The word, spit, is in itself onomatopaeic, or imitative, if you prefer. Spew has a similar origin, and is also imitative.
Why would an entrepreneur prefer to launch an entirely new venture rather than buy an existing firm?
the firm might have a bad track record
Would you live in France or Germany?
Both countries are wonderful. It all depends of the kind of the person you are and what you prefer. I prefer to live in Germany.
Why should and entrepreneur prefer to launch a new venture rather than buy an existing firm?
At times it is usually hard to sell a re-branded venture. This is why many entrepreneurs usually prefer launching a new venture other than buying the existing ones.
Do people in Europe eat pie?
They do indeed. However some countries prefer 'tarts' to 'pies'.
Why do people in many countries prefer to go to the beach later in the afternoon?
Because the sun is less intense then.
Why beer is kept in fridge?
Except for England and a few other countries, most people prefer cold beer.
Why would Entrepreneur who wishes to maintain sole control over his business would opt for debt financing rather than equity financing?
An entrepreneur who wants to maintain sole control over their business would prefer debt financing over equity financing because debt allows them to retain full ownership and decision-making power. By borrowing funds, the entrepreneur avoids diluting their equity and gives up none of their stake in the company. Additionally, interest payments on debt are often tax-deductible, providing a financial benefit without sacrificing control. Overall, debt financing enables the entrepreneur to fund growth while keeping their vision and strategy intact.
Which one is better business management or entrepreneur development?
The answer to your question completely depends on the person and situation. Some people are better entrepreneurs and others are better managers. Some people prefer to work for themsleves and don't mind the risk of entreprneuership, others prefer the security of knowing they have a steady paycheck from the company for whom they are a manager. Some people might prefer the security of management but are forced into entrepreneurship if they do not have employment. So, like I said before, it really depends.
How did Adam smith believe individuals would help their home countries economies without government regulations?
He believed they would prefer domestic industry to foreign industry.
Where do wart hogs live?
They live in dry sandy countries or in South Africa. Wart hogs prefer to live in open forests.
Why arrange marriage is better?
Most in western countries or western influence countries love marriage is being followed and prefer, in the other hand in some Muslim & some Asian countries they prefer the Arrange Marriage setup. Which is better depends on the culture which you live in.
