How do entrepreneurs influence discovery

Assignment Help Microeconomics
Reference no: EM133201058 , Length: 1 Pages

Assignment:

Entrepreneurs are people who undertake the risk of business activity with the expectation of earning profit. Why is the role of the entrepreneur vitally important as a source of economic progress? How do entrepreneurs influence the discovery and development of new products and better ways of doing things?

Answer with half page one space

Reference no: EM133201058

Questions Cloud

What will happen to interest rates if public believes him : Predict what will happen to interest rates if the public believes him. Why are expectations so important to the role of interest rates?
Calculate the expected holding-period return : Calculate the expected holding-period return and standard deviation of the holding-period return. University Of California Los Angeles.
What is the price elasticity of demand : These two price/quantity combinations are points on the demand curve. What is the price elasticity of demand? Eastern Kentucky University.
Evaluate cost-benefit analysis of mask wearing pandemic : You are trying to evaluate cost-benefit analysis of mask wearing during the pandemic. Texas A & M International University.
How do entrepreneurs influence discovery : How do entrepreneurs influence the discovery and development of new products and better ways of doing things? Arizona State University.
Discuss instances of firms taking steps to adopt renewable : You could also discuss instances of firms taking steps to adopt renewable natural resources to cut down their reliance on exhaustible resources.
Define modern advertising : Define Modern Advertising? What is the societal role for advertising? New York University.
What is the market value of the company : How many outstanding shares does the company have? What is the market value of the company? California State University - Bakersfield.
Research the liberal economic policies : Research seems to suggest that as liberal economic policies begin to dominate the international arena.

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd