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What risk is involved in having economic freedom?

Basically, a risk in economic freedom is having to face and accept the concequenses of their decisions. For example, if an entrepreneur starts a business that fails, the government usually won't help out.


Is becoming an entrepreneur risky?

Yes being an entrepreneur is very risk. In fact, according to wordnetweb.princeton.edu/perl/webwn, an entrepreneur is someone who organizes a business venture and assumes the risk for it. If your business fails you are in a large amount of debt. You are basically risking your financial life.


What Is The Government Insurance Against Business Risk?

In case your small business fails, in its total or only with regards to a selected project, government insurance will temporarily help you with business loanpayments. This warranty on your behalf is one way the government helps improve your odds of getting small business financing.


What Is Government Insurance?

Government insurance might help your business repay any some of the small business loan if the business or project fails. Government insurance coverage is usually open to your company at either low-premium rates or no rates whatsoever. This might provide your business a much better chance at applying for just about any bank loans.


What should people do if a government fails?

Replace it.


Who decides if a business survive or fails?

The market place.


Do shareholders have to have to sell their personal possessions if the business fails?

No.


When do you need to change water pump?

When it fails or starts showing signs of failure.


Only one person is liable if the business fails?

proprietorship


What is the foundation of a business?

Businesses exist to make a profit and to meet the needs of the customers. When a business fails to do this, it may go out of business.


Why is profit important to businesses?

If there is no profit the business fails because thats the reason for the business in the first place. :-)


What can the president do if a state fails to comply with the directives of the central government?

what can the president do if a sate fails to comply with the directives of the central goverment