<span>The Marginal Rate of Substitution refers to the rate the consumer is willing to trade for another good to maintain the level of satisfaction. It is described by ratio of prices. Maximum satisfaction is achieved when trade offs between two goods are equal. </span>
To write an essay on characteristics of a successful entrepreneur that can help a school leaver to become a successful entrepreneur, it is necessary to conduct in-depth research on the topic.
<h3 /><h3>What are the essential characteristics of an entrepreneur?</h3>
It is essential that every entrepreneur seeks to develop skills that increase their vision of the market and their relationship with stakeholders. Some essential skills are:
- Motivation
- Eyesight
- Self-confidence
It is essential that every entrepreneur has a vision of a business that is new to the market and is innovative to satisfy the needs and desires of the consumer.
Motivation should guide your actions that will lead to business development, as well as self-confidence, which will lead to a better understanding of risks and effective decision making.
Therefore, to build your essay, you should start with a concise and compelling introduction on the topic, holding the reader's attention, introduce about three paragraphs of development and a conclusion about your ideas.
Find out more information about entrepreneurship here:
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Answer:
Nepal is known to be one of the most beautiful countries. Nepal is quite rich in mineral resources. Mineral deposits such as gold, mica, limestone, iron ore, copper are found in different parts of Nepal. Because of financial constraint and lack of technical and skilled manpower, progress in the field of mining is negligible.
Nepal is surrounded on three sides by India and on one side by China. With the innumerable natural resources that this country possesses and the rivalry between the two countries Nepal has always remained like yam in the middle of a sandwich.Nepal’s political situations have always been compromised because of the interference of these countries.
Nepal is a country prone to a number of natural disasters. It was hit by a massive earthquake in 2015, which took the lives of thousands of people and destroyed a chunk of property in the capital (Kathmandu). Nepal is also prone to a huge number of landslides that block roads and kill people. Regular natural disasters also contribute to making Nepal a poor country.
Water resources are abundantly available in Nepal, and the hospitality of this country is unparalleled to anything. However, the amount of exposure that Nepal needs to gain the world is less. There are lesser promotion activities that call upon tourists to visit Nepal, and this lack of promotion makes Nepal a less known country.
Even though we are rich in natural resources our development is loss because of manpower , Political Instability, Corrupt Bureaucracy,Lack of Industry,Natural Disasters.
