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3 years ago

What is the role of the entrepreneur in the modern economy?

Business

2 answers:

sdas [7]3 years ago

6 0

Answer: D. To generate wealth

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iris [78.8K]3 years ago

4 0

Answer:

B) TO CREATE JOBS

Explanation:

2. Create Jobs: Entrepreneurs are the organizers of the other factor of production(Land, Labour Capital) and are by nature and definition job creators, as opposed to job seekers. The simple translation is that when you become an entrepreneur, there is one less job seeker in the economy, and then you provide employment for multiple other job seekers. This kind of job creation by new and existing businesses is again is one of the basic goals of economic development. All this in turn creates a lot of job opportunities, and is helping in augmenting our standards to a global level.

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Treasury bills are paying a 4% rate of return. A risk-averse investor with a risk aversion of A = 3 should invest entirely in a

Tomtit [17]

Answer:

Answer is 12.64%. Therefore,

Treasury bills are paying a 4% rate of return. A risk-averse investor with a risk aversion of A = 3 should invest entirely in a risky portfolio with a standard deviation of 24% only if the risky portfolio's expected return is at least 12.64%.

Refer below for the explanation.

Explanation:

E - 4%= 0.5(3)(24%)2

E=12.64%

7 0

3 years ago

Read 2 more answers

The tax concept and economic concept of income are in agreement on which of the following:

Cloud [144]

A is the correct Answer

5 0

3 years ago

he units of Manganese Plus available for sale during the year were as follows: Mar. 1 Inventory 22 units @ $29 $638 June 16 Purc

Mama L [17]

Answer:

Thus, difference in gross profit = $144 + $144 = $288

Profit as per FIFO is higher than profit as per LIFO

Explanation:

In the given case, as per both the methods computation shall be as follows:

Date Quantity Rate Amount

Mar 1 22 units $29 $638

Jun 16 31 units $30 $930

Nov 28 41 units $37 $1,517

Total 94 units $3,085

Closing units = 18

That means sales = 94 - 18 = 76 units

Thus as per LIFO cost = 41 units @ $37 + 31 units @ $30 + 4 units @ $29

= $2,563

Closing stock = 18 units @ $29 = $522

As per FIFO cost = 22 units @ $29 + 31 units @ $30 + 23 units @ $37 = $2,419

Closing stock = 18 units @ $37 = $666

Thus, difference of closing stock = $666 - $522 = $144

Profit as per FIFO is higher by $144

Cost is higher in LIFO by $2,563 - $2,419 = $144

Thus, difference in gross profit = $144 + $144 = $288

6 0

4 years ago

What benefits do you expect to achieve from career exploration?

lidiya [134]

You expect to find and increase knowledge of what really fits for you to do for the rest of your career life.

6 0

3 years ago

When considering the economic prospects of a country, it can be said that Group of answer choices the advantages of building bra

tankabanditka [31]

Answer:

Options 1 - 4 are True but 5 is FALSE

Explanation:

All options given are indicators of economic growth and strong economic performance

When considering the economic prospects of a country, it can be said that: 1. the advantages of building brand loyalty and gaining experience in a country's business practices is greater for a last-mover than for a first-mover because the last-mover has the chance to learn from the mistakes of the first-mover and perfect on them

2. countries which do not have property rights protection tend to achieve greater economic growth rates because prosperity and property rights are inextricably linked. The importance of having well-defined and strongly protected property rights is now widely recognized among economists and policymakers

3. the economic system and property rights regime are reasonably good predictors of economic prospects of a country because widely accepted explanation is that well-enforced property rights provide incentives for individuals to participate in economic activities, such as investment, innovation and trade, which lead to a more efficient market.

4. countries where property rights are not well respected and where corruption is rampant always have very low levels of economic growth because as stated in 3 above ill-enforced property rights does not provide incentives for individuals to participate in economic activities, such as investment, innovation and trade, which lead to a more efficient market.

5.countries with command economies tend to achieve greater economic growth rates than free market economies.

This is FALSE because one of the Command economy disadvantages include lack of competition and lack of efficiency.

5 0

3 years ago

Read 2 more answers