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Social and economic contributions of entrepreneur?
1. Entrepreneurship creates employment. 2. Entrepreneurship improves the quality of life. 3. Entrepreneurship contributes to more equitable distribution of income taxes and therefore eases social unrest. 4. Entrepreneurship utilizes and mobilizes resources for greater national productivity. 5. Entrepreneurship brings social benefits through the government.
What is equitable income distribution?
Equitable income distribution is the concept or idea of fairness in taxation and welfare. It can refer to equal life chances regardless of identity, to provide all citizens with a basic and equal minimum of income, goods, and services or to increase funds and commitment for redistribution.
What type of income is paid in an entrepreneurship?
Profits are the income of entrepreneurship.
What has the author Burton Seely Keirstead written?
Burton Seely Keirstead has written: 'An essay in the theory of profits and income distribution' -- subject(s): Income, Profit, Entrepreneurship
How do you achieve distributions of income?
Achieving distributions of income involves implementing policies that promote equitable wealth distribution, such as progressive taxation, social welfare programs, and access to quality education and healthcare. Encouraging fair labor practices and increasing minimum wages can also help lift lower-income individuals. Additionally, fostering economic growth through entrepreneurship and job creation can create more opportunities for all income levels. Ultimately, a combination of targeted government interventions and market-based solutions is essential for achieving a balanced income distribution.
What is the role of entrepreneurship in economic growth?
*it creates employment. *it contributes to a more equitable distribution of income. *it creates social benefits. *it utilizes and mobilizes resources for greater productivity. *it helps in dispersing industrial activities to the countryside. *it generates foreign exchange. *it nurtures entrepreneural talents. *it establishes industrial linkages. *it encourages healthy competition. *it promotes the use of modern technology. *it encourages more researches/studies and inventions of machines and equipment.
Objectives of macroeconomics from conventional perspective?
to achieve full employment,to achieve price stability, to achieve economic growth, equilibrium in B.O.P and equitable distribution of income.
What is equal distribution of wealth?
Equitable income distribution is the concept or idea of fairness in taxation and welfare. It can refer to equal life chances regardless of identity, to provide all citizens with a basic and equal minimum of income, goods, and services or to increase funds and commitment for redistribution.
What are the types of income distribution?
Personal income distribution and functional income distribution :)
What are socio economics benefits from entrepreneurship?
* Entrepreneurship creates employment.The existence of business activities influences employment. Business estab­lishments need people to work for them.* Entrepreneurship improves the quality of life.People need to work in order to survive, attend to their needs, and satisfy their wants.* Entrepreneurship contributes to a more equitable distribution of income.With more entrepreneurial activities provided to the people in the country sides, natives have more work opportunities thus, discouraging them from reset­tling in other places.* Entrepreneurship utilizes resources.We may use our own natural resources, and process and convert them to more useful things.* Entrepreneurship brings social benefits through the government.The resources collected by the government are given back to the people in the form of services, infrastructure projects, school buildings, and maintenance of peace and order.
What is an attractive characteristic of personal income taxes?
it is equitable
When a couple get divorced and have minor children does the parent living with the children iin the family home have to give the other party half of the equity if they have other equity?
That type of issue is decided by a judge if the parties cannot agree on an equitable distribution of their property. The judge will take into consideration all the property owned by the couple, income of the parties, future earning potential, state laws, etc.That type of issue is decided by a judge if the parties cannot agree on an equitable distribution of their property. The judge will take into consideration all the property owned by the couple, income of the parties, future earning potential, state laws, etc.That type of issue is decided by a judge if the parties cannot agree on an equitable distribution of their property. The judge will take into consideration all the property owned by the couple, income of the parties, future earning potential, state laws, etc.That type of issue is decided by a judge if the parties cannot agree on an equitable distribution of their property. The judge will take into consideration all the property owned by the couple, income of the parties, future earning potential, state laws, etc.
