individual‚ undertaken to initiate‚ maintain or aggrandize profit by production or distribution of economic goods and services." According to Schumpeter‚ "Entrepreneurship is based on purposeful and systemic innovation. It included not only the independent businessman but also company directors and managers who actually carry out innovative functions". Need For Entrepreneurship Development: Economic development essentially means a process of upward change whereby the real per capita income of a country
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How Apple changed the way entertainment is sold and consumed Abstract This paper will examine how Apple’s concept of cheap online content influenced the growing trend of online digital distribution of entertainment and other media. It will attempt to asses the impact on consumers and businesses as the traditional methods entertainment retail are giving way to the new online distribution model. Introduction : In 2003‚ Apple introduced the iTunes store‚ a digital store from where customers
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What is FDR’s New Deal? How did it change the country? Franklin D. Roosevelt was one of‚ if not the most prominent‚ presidents of the twentieth century. As he got elected‚ he started the race for the revival of the United States. The main idea he had to shift America in the right direction was the New Deal plan. It changed the country and took it by storm. It transformed the country by helping the people who suffered from the Great Depression. Three key ways it altered the country were because of
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What is FDR’s New Deal? How did it change the country? Franklin D. Roosevelt was one of‚ if not the most prominent‚ presidents of the twentieth century. As he got elected‚ he started the race for the revival of the United States. The main idea he had to shift America in the right direction was the New Deal plan. It changed the country and took it by storm. It transformed the country by helping the people who suffered from the Great Depression. Three key ways it altered the country was because of
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THE ART OF BUILDING ECONOMIC MODELS When you build a model‚ how do you know which details to include and which to leave out? There is no simple answer to this question. The right amount of detail depends on your purpose in building the model in the first place. There is‚ however‚ one guiding principle: This means that a model should contain only the necessary details. To understand this a little better‚ think about a map. A map is a model—it represents a part of the earth’s surface. But it leaves
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SRI LANKA ECONOMIC ASSOCIATION (SLEA) ANNUAL SESSIONS th 19 – 20th October‚ 2012 Export Growth for Sustained Development TECHNICAL SESSION IV: SECTORAL DEVELOPMENT 2: Services Tourism and Entertainment Srilal Miththapala BSc (Eng) ;CEng; FIEE; FIH; Project Director‚ E U Switch Asia Programme Greening Sri Lanka Hotels Project‚ Past President of the Tourist Hotels Association of Sri Lanka World Tourism Tourism is referred to by many as the world ’s largest and fastest growing industry
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Economic Development vs Economic Growth Economic Growth is a narrower concept than economic development.It is an increase in a country’s real level of national output which can be caused by an increase in the quality of resources (by education etc.)‚ increase in the quantity of resources & improvements in technology or in another way an increase in the value of goods and services produced by every sector of the economy. Economic Growth can be measured by an increase in a country’s GDP (gross
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What Drives Political and Economic Development in Ancient Civilizations? Compared to present-day civilizations‚ civilizations of the past depended much more on its physical surroundings. Because transporting goods required lots of time and manpower‚ it was expensive. Thus‚ the characteristics of many civilizations were dependent on the physical environments and natural resources that were easily accessible. Clearly‚ a civilization centered on a river has major advantages over one that is not
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What is Development? Development can be defined as the orderly changes of an individual from conception to death. From a biological point of view‚ development can be identified as a growth from early life‚ stability in early and middle adulthood‚ and decline in later life. This is the “gain-stability-loss” model. Life-span development does not necessarily follow this model. Change at any age can involve gains and losses and continues at each phase of the development cycle. It doesn’t necessarily
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Entertainment Today and in the Past and how it has changed People The online Oxford Dictionaries provides the following definition of entertainment: “…as an act of providing or being provided with pleasure or enjoyment while holding attention and interest of an audience. It may take on a number of forms such as attending an organized event or a performance‚ or any other activity that has been designed to amuse and provide pleasure. Entertainment also covers the action of receiving guests and providing
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