ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT The entrepreneur who is a business leader looks for ideas and puts them into effect in fostering economic growth and development. Entrepreneurship is one of the most important input in the economic development of a country. The entrepreneur acts as a trigger head to give spark to economic activities by his entrepreneurial decisions. He plays a pivotal role not only in the development of industrial sector of a country but also in the development of farm and service
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that constraining the flow of illegal immigration in states such as California‚ may result in economic stagnation.[4] [edit] Participation in the free market One of the largest drivers of immigration both legal and illegal is economic supply and demand for labor and the natural human desire of people to participate in the economy and in so doing better their economic situation. Labor is a mobile economic factor of production‚ efforts to limit its mobility are attempts at limiting the free market
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HOW TOURISM CAN CONTRIBUTE TO SOCIO-CULTURAL CONSERVATION Negative socio-cultural impacts from tourism How tourism can contribute to socio-cultural development Tourism can contribute to positive developments‚ not just negative impacts. It has the potential to promote social development through employment creation‚ income redistribution and poverty alleviation. Other potential positive impacts of tourism include: Tourism as a force for peace Traveling brings people into contact with each other and
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IMPACT OF THE INFORMAL ECONOMY ON DEVELOPMENT. What is Informal economy? Simply put the informal economy refers to those economic activities that are neither taxed nor monitored by a government and are therefore not included in that government ’s Gross National Product (GNP) However in literature this phenomenon is discussed using different concepts such as informal‚ unofficial‚ irregular‚ parallel second underground‚ underground‚ grey markets‚ subterranean‚ hidden‚ invisible‚ unrecorded
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repayable on demand and can be withdrawn by checks‚ draft order and so on. Banking Company: Any company‚ which transacts the business of banking Banking System: Banking System is a principal mechanism through which the money supply of the country is created and controlled. The banking system enables us to understand Commercial Banks‚ Secondary Banks‚ Central Banks‚ Merchant Bank or Accepting Houses and Discount Houses but to exclude the Saving Banks and Investment and other intermediaries
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Economic development has to occur after a period of sustained economic growth. It is therefore the growth in total economic output accompanied by changes in the structure of the economy. There are many barriers to economic development in Ghana. Eight of them are discussed below: First and foremost‚ Ghana like most developing countries is enriched with natural resources or deposits but the human capital is not able to transform them to achieve rapid economic growth and development. For economic
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Tourism in Nepal Tourism is an organized journey to a particular place for recreation and learning. It is the hospitality industry. Everyone likes to enjoy watching beautiful places. Nepal is famous for high mountains‚ fast flowing rivers‚ green forests‚ tranquil lakes and old temples. These facts lure everyone to visit Nepal. People do not like to say consistently in a place for ever. They often visit the places of their own country or of a foreign country with eagerness to getting knowledge‚
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Authoritarian Government and Economic Development Abstract: The purpose of this study is to examine the correlation between economic development and authoritarian governments. The objectives of this study are to find out whether authoritarian governments an impediment to economic growth and how the authoritarian governments are performing economically compared to the developed democratic nations. The study was conducted using a quantitative approach. In the first part of the study questionnaires
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Economic development challenges > > Vietnam had been heavily wounded after centuries of being colony and only be able to claim independent 35 yrs ago from the American war. The Vietnamese economy was shattered after the United States Government had dropped Agent Orange on crops‚ bombed farm lands and imposed heavy sanctions after the ’pull out’ of American troops. Vietnam’s agriculture‚ business and industry were devestated. The economy was left with by small-scale production‚ low labor productivity
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destination marketing. Current segmentation marketing strategy will be discussed in briefing paper as the purpose. Both tourism literature and theory will be used to analyse the data and information generated from various resources. And the outcome of the research and analysis will be present in the finding parts so that recommendations for further destination marketing development can be proposed finally. According to website Imagine your Korea‚ Jeju Island is 64 km from south of
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