ECONOMICS
HUMAN CAPITAL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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whether the country was a parliamentary or presidential democracy
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whether the country imposed barriers to international trade
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whether the country had a market or command economy
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whether the country used a strong official currency
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Detailed explanation-1: -Entrepreneurs create employment opportunities not only for themselves but for others as well. Entrepreneurial activities may influence a country’s economic performance by bringing new products, methods, and production processes to the market and by boosting productivity and competition more broadly.
Detailed explanation-2: -Capital is a crucial requirement while initiating an entrepreneurial activity. It is capital which is essential to procure land, material, machines etc.
Detailed explanation-3: -Capital. Capital is one of the most important factors of production for the establishment of an enterprise. Labor. Easy availability of right type of workers also effect entrepreneurship. Raw Materials. Market. Infrastructure. Education. Attitude of the Society. Cultural Value. 06-May-2017
Detailed explanation-4: -Political Factors. Political factors play a huge role in the development of entrepreneurship in a given geographical area. Legal Factors. Entrepreneurs are dependent upon law for a wide variety of factors. Taxation. Availability of Capital. Labor Markets. Raw Materials. Infrastructure.