Given that most entrepreneurial start-ups fail, why do entrepreneurs found so many new firms? Why are (most) governments interested in promoting more start-ups?
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Given that most entrepreneurial start-ups fail, why do entrepreneurs found so many new firms? Why are (most) governments interested in promoting more start-ups?
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- Give some examples of business entrepreneurs who despite prevailing economic conditions or against advice of others continued with their dream; were they successful or unsuccessful?What is the difference between standard of living and quality of life? What is risk, and how is it related to profit? What do the terms stakeholders, outsourcing, and insourcing mean? What are some of the advantages of working for others? What benefits do you lose by being an entrepreneur, and what do you gain? What are the five factors of production? Which ones seem to be the most important for creating wealth? What are four ways the government can foster entrepreneurship? What is the difference between effectiveness, efficiency, and productivity? What is empowerment? What are some of the major issues affecting the economy today? What major factor caused people to move from farming to manufacturing and from manufacturing to the service sector? What does the future look like for tomorrow’s college graduates? What is the difference between macroeconomics and microeconomics? What is better for an economy than teaching a man to fish? What does Adam Smith’s term invisible hand mean? How…Are entrepreneurs born or made
- Why is entrepreneurship the most important factor in economic development?What is the commonality of the top successful entrepreneurs?Micheal Porter, the famous business theorist that we have been following, has stated that the fundamental responsibility of business is to make a profit. Is that true, or should business in society give back in some way?
- The risk of failure is an inherent part of free enterprise. Does society have an obligation to come to the aid of entrepreneurs who try but fail? Why or why not?Ethical Considerations. The risk of failure is an inherentpart of free enterprise. Does society have an obligation tocome to the aid of entrepreneurs who try but fail? Why orwhy not?What is your understanding on the word entrepreneurship? How Entrepreneurs contribute in boosting the economy of a country?
- What are the factors that discourage people from becoming entrepreneurs?What options would you want to improve your economic lot, be an employee, be a professional, or a small business operator? Why, explain further.( What is meant by “the consumer’s right to be safe”? Why is entrepreneurship an important component of economic development? Define innovation, and why is it important in entrepreneurship activity especially during pandemic?Describe some of the reasons why entrepreneurs and small businesses fail?