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Why was hire purchase important in the growth of the us economy?
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Why is an entrepreneurship an important component of economic development?
This is important because it helps to grow the economy. Entrepreneurs start new businesses, hire new employees, and help to grow their communities.
How do business firms help uplift the economy?
Business firms helps to uplift the economy in doing researches looking into the future on how to implements inputs and outputs devices on moving the economy forward. They also hire people, creating jobs, and produce products which people buy, creating capital. Along with government support, they are very important to the economy.
Why investment is important in an economy?
Allow businesses to raise capital to sustain and grow. The more businesses there are, the more competition, the more competition, the more innovation and price efficiency (as companies compete for customers' money).
What is The role of business in the economy?
Businesses create jobs. Business owners who hire employees pay them a wage, which they then spend. This process supports a strong economy.
What is the meaning of interest on purchase price?
It means if u have something on hire purchase over a longer period you have to pay interest .
How important is hire purchase to the consumer?
Hire purchase is important because it gives a consumer with less financial ability,the privilege of owning goods with less money.
When was the Origin or development of hire purchase?
origin and development of hire purchase
What are the advantages of hire purchase as a source of finance?
Hire purchase can give the good profit,
Advantage of hire purchase?
One advantage of hire process is that it allows low-income individuals to purchase items that would otherwise be out of their budget. Hire purchase is also known as installment plan.
Why is an entrepreneurship an important component of economic development?
This is important because it helps to grow the economy. Entrepreneurs start new businesses, hire new employees, and help to grow their communities.
What companies offer economy rate car hire?
There are a couple companies that offer economy rate car hire. Rental Cars and National Car are some companies that offer economy rate car hire. You can find out more information on their official website.
How can you help in the economy of the country?
Purchase products made in the country you are trying to help. As more items produced in a particular country get purchased facilities can hire more employees and give more hours to existing workforce, spurring the economy.
What is the mean of outsourcing?
Outsourcers are the ones who hire or purchase services from an outside supplier.
Why would a company use hire purchase?
The legal term for hire purchase is a contract. Companies may prefer using hire purchase because it spreads the costs of expensive items over a period of time.
What means repossesion as regard to hire purchase?
If a company fails to make it's repayment under the hire purchase agreement then the loan providers can tale the goods bought under the hire purchase as settlement for the loan.
What is the explanation for the features of hire purchase system?
higher purchase
Solve you a problem on hire purchase system?
caluculation of intrest under hire purchase system
