Discuss the relationship between entrepreneurship‚ innovation and economic development. What role does sustainability play in this relationship? Refer to both theory and examples from the business world to support your discussion. In today’s economy‚ entrepreneurship is an important subject and entrepreneurial abilities have become a pivotal requirement both nationally and globally. However‚ enterprises that succeed mostly do so as they are capable of change for the better‚ through innovation
Premium Economics Sustainability Entrepreneurship
Comparison of Basic Economic Indicators of BRIC Nations Abstract In economics‚ BRIC is a grouping acronym that refers to the countries of Brazil‚ Russia‚ India and China‚ which are all deemed to be at a similar stage of newly advanced economic development. It is typically rendered as "the BRICs" or "the BRIC countries" or "the BRIC economies" or alternatively as the "Big Four". Table of Content 1. Introduction 4 2. Statistics 5 3. Economic Indicators 6 3.1 GDP 6 3.2 Inflation 7 3.3 Deficits
Premium Emerging markets Developed country Macroeconomics
financing the investment projects‚ successive governments in Nigeria have carried out reforms and institutional innovations in the banking sector. The overall intention of these reforms has been to ensure financial stability so as to influence the growth of the economy and also enhance banks to play a critical role of financial intermediation in Nigeria. However‚ despite the fact that Nigerian banks have undergone series of restructuring/reforms aimed at strengthening the banks’ ability to efficient
Premium Economics Economic growth Investment
. China & India Comparing the world’s hottest consumer markets Contents First‚ the basic facts......................................................... 2 Two economic paths ready to converge............................ 4 . Two paths toward retail modernization............................ 5 Rules of doing business................................................... 7 Risks of doing business................................................... 8 . Retailing 2015 in China and India
Premium Retailing Gross domestic product Investment
Economic affect of flooding on the Pakistan economy The floods in Pakistan have amounted to an economic disaster for the country. The scale of the human tragedy is enormous. To put it in some perspective‚ the flood waters have submerged one-fifth of Pakistan; roughly an area the size of Florida culminating in 1600 dead‚ about 20 million people displaced and 17 million acres of farmland destroyed. Pakistan’s towns‚ villages‚ crops‚ livestock‚ personal possessions and infrastructure have been completely
Premium Economics Inflation Supply and demand
(b) Is there still reason to think that British manufacturing underperformed in this period? 2) CAPITAL EXPORT The large proportion of Britain’s wealth invested abroad between 1850 and 1914 has often been held to have been detrimental to the growth of the economy in this period. Examine the case for and against this argument. 3) ENTRPRENEURSHIP Britain’s manufacturing firms have been accused of remaining family-run and small scale in the period 1850-1914‚ so ignoring the benefits of the
Premium Economic growth Capital accumulation
collaboration between China and India‚ In the 21st century‚ India and China has emerged as the two visible powers in Asia and in the world with huge populations‚ growing economies and expanding markets. In common‚ both these countries are a continuity of the two oldest civilizations of the world‚ they are less composite than the communities of Europe or the Middle East. Indian civilization was put together mainly by ideas and influences native to the Indian Subcontinent and China exclusively from ideas
Premium Economics China People's Republic of China
EXPLANATIONS OF THE ECONOMIC SUCCESS OF EAST ASIA NATIONS: Introduction The economic success of the East Asian countries has inspired many economists to study the background of their rapid growth. Interestingly‚ different economists interpret this success in entirely different ways. During the 1970s and an important part of the 1980s advocates of the neoclassical model argued that growth in East Asia was the result mainly of the market mechanism and the emphasis on export promotion in these
Premium Economics Industry Economic growth
INTRODUCTION II. TREND IN POPULATION AGING IN CHINA III. INCREASE RATE OF TOTAL AND ELDERLY POPULATION IV. IMPACT OF THE RISING ELDERLY ON ECONOMIC SOCIAL SYSTEMS V. ECONOMIC EFFECTS ON CHINA’S ECONOMY VI. CURRENT SOCIAL PROGRAMS FOR THE ELDERLY VII. FUTURE SOCIAL PROGRAMS FOR THE ELDERLY VIII. POSSIBLE ECONOMIC IMPACT ON LABOR‚ FAMILY‚ AND WORKING-AGE IX.
Premium Demography Retirement Demographic economics
Analyse the economic and social costs and benefits of inequality in distribution of income in Australia. Income inequality describes the extent to which income is distributed unevenly among residents of an area. High levels of inequality indicate that a small number of people receive most of the total income‚ and that most people receive only a small share of the total. There are many advantages and disadvantages associated with the inequitable distribution of income. Income inequality can
Premium Economics Inflation Macroeconomics