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postnew [5]
3 years ago
7

In 1–3 sentences, explain the role of entrepreneurs in the economy.

Business
2 answers:
Monica [59]3 years ago
8 0
To create economic growth and develoment by reducing unemployment and developing skill of citizens to meet the job requirements
jenyasd209 [6]3 years ago
4 0

ANSWER: There are many ways how entrepreneurs benefit the economy. Few of them are

1) Create Jobs: Entrepreneurs create jobs in the community. When someone opens a new business or expands his new business, he will need human resource to help him to do his works.

2) Wealth Creation: Entrepreneurs pool in their own money and attract investment from lenders, banks and other investors. This mobilizes public wealth.

3) Exports: Entrepreneurs after growing in their businesses will want to export their products as a part of extending their market. This will help gain foreign currency in the country.

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Price elasticity for a good depends on the share of a consumer's budget spent on a good. Other things being equal, which of the
kvasek [131]

Answer:

Monthly Cell Phone Bill

Explanation:

Other things being equal, the higher the price of a good relative to a consumer's income, the greater the price elasticity of demand. Hence, the price elasticity of demand for low-priced items, such as thumbtacks and fish food, tends to be lower than the price elasticity of demand for relatively expensive items, such as monthly cell phone bill, that represent a more significant fraction of a consumer's annual income.

Be sure to consider not just the price, however, but also the overall portion of a consumer's annual income spent on an item. For example, one latte costs only $3.00, but for daily coffee drinkers the annual expense could be around $1,000. The elasticity of demand for lattes is therefore likely to be higher than that for other low-priced items (such as thumbtacks) that may need to be purchased only a few times annually.

4 0
3 years ago
Culture goes deeper than observable behavior. It is a society's shared and socially transmitted ideas, values, and perceptions t
Vikentia [17]
I’m gonna say this one is true.
5 0
3 years ago
Kela Corporation reports net income of $450,000 that includes depreciation expense of $70,000. Also, cash of $50,000 was borrowe
zhannawk [14.2K]

Answer:

$520,000

Explanation:

Kela corporation reports a net income of $450,000

The depreciation is $70,000

A cash of $50,000 was borrowed on a 5-year note payable

Therefore, the total cash inflows from operating activities can be calculated as follows

= Net income+depreciation

= $450,000+$70,000

= $520,000

Hence the total cash inflow from operating activities is $520,000

8 0
3 years ago
An agent gives a conditional receipt to a client for an insurance policy after collecting the initial premium. when will the pol
ExtremeBDS [4]
If the insurer takes the policy as applied for the coverage will take effect when the conditions of the receipt are met and from the date of the application or medical exam. The two types of conditional receipts are insurability and approval. The insurability receipt provides interim coverage as the applicant is insurable while the approval receipt will not begin until the insurer will approve the claim. However, conditional receipts will provide the coverage if the applicant is insurable as applied for and coverage will not be delivered until the applicant accepts the coverage if the insurer concerns a counter-offer because the applicant is substandard risk. 
4 0
3 years ago
What American business had a monopoly on the fur trade in the Far West?
navik [9.2K]
C. John Jacob Astor.

The American business that had a monopoly on the fur trade in the far west was founded by John Jacob Astor.

The business was called American Fur Company. Since it was founded, the company grew to monopolize the fur trade in the United States by 1830. It became one of the largest and wealthiest businesses in the United States.
7 0
3 years ago
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