Business College

What is meant by the concept entrepreneur?​

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Answer 1

Answer: An entrepreneur is someone who has an idea and who works to create a product or service that people will buy, as well as an organization to support that effort.

Explanation: An entrepreneur takes on most of the risk and initiative for their new business, and is often seen as a visionary or innovator.

Related Questions

Large businesses depend on small businesses why?

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Answer:

Small businesses can signal emerging trends and needs to large businesses

what is the difference between a checking agreement and a checking statement?

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A checking account is an account that is used to keep track of a person's transactions. A checking agreement is an agreement between the bank and the account holder that outlines the terms of the account.

A checking statement is a statement that is sent to the account holder by the bank that shows the activity that has occurred in the account over a certain period of time. The difference between a checking agreement and a checking statement is that a checking agreement outlines the terms of the account, while a checking statement shows the activity that has occurred in the account.

A checking agreement is a contract between the bank and the account holder that outlines the terms of the account. This includes things like the minimum balance requirement, fees that may be charged, and the interest rate that will be paid on the account. The agreement also outlines the rights and responsibilities of the account holder and the bank. A checking statement is a document that is sent to the account holder by the bank that shows the activity that has occurred in the account over a certain period of time.

This includes things like deposits, withdrawals, and checks that have cleared. The statement also shows the current balance in the account. The statement is typically sent out on a monthly basis but can be requested more frequently if needed.

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what is the role of one main aggregate in the economy?​

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The Gross Domestic Product (GDP), which counts the value of all goods and services generated in a nation, plays a key aggregate function in the economy.

Economic aggregates are measurements of the total economic activity within a nation-state or a geographic area. Aggregate supply is the entire amount of products and services produced within an economy at a specific level of overall price over a specific time frame.

The overall demand in an economy for finished products and services is referred to as aggregate demand.

As a result, the significance of the role of one main aggregate in the economy are the aforementioned.

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Note: Write your response with a complete sentence (to get the full marks) in the space provided; no attachments or email will be considered for marking.

Consider an economy that produces only food and clothing. Its production possibilities boundary is shown below.

What do we know about the use of resources when the economy is at point a and e. Please provide the reasoning for your answer. (1 point)
Which of points b, c, and e is efficient? Please provide the justification for your answer. (1 point)
If the economy is at point e, what is the opportunity cost of producing one more tonne of clothing? Please provide the reasoning for your answer (1 point)
What is the opportunity cost of moving from point a to point c? Please provide the reasoning behind your answer (1 point)
What do we know about the use of resources at point d? How would it be possible for the economy to produce at point d? (1 point)

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Point A represents inefficient use of resources and Point E represents efficienct use of resources. Any point lying on the PPF curve is an efficient use of resources and and any point lying inside the PPF such as Poni A is underutilization

Other Questions
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