INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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GDP (Gross Domestic Product)
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Unemployment
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Equilibrium Price
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Retail Sales
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Detailed explanation-1: -Decreased women participation in job market is not an indicator of economic development.
Detailed explanation-2: -Economic indicators include measures of macroeconomic performance (gross domestic product [GDP], consumption, investment, and international trade) and stability (central government budgets, prices, the money supply, and the balance of payments).
Detailed explanation-3: -Economic equilibrium is the state in which the market forces are balanced, where current prices stabilize between even supply and demand. Prices are the indicator of where the economic equilibrium is.
Detailed explanation-4: -Gross Domestic Product (GDP) The Stock Market. Unemployment. Consumer Price Index (CPI) Producer Price Index (PPI) Balance of Trade. Housing Starts. Interest Rates. More items •18-Apr-2023