What is Incentive? The term “incentive’, generally means encouraging productivity. It is a motivational force, which encourages an entrepreneur to take a right decision and act upon it.
Challenges and Problems faced by Women Entrepreneurs in India Some of the challenges and problems faced by women entrepreneurs are discussed below. 1. Family restriction Women are expected
Role and Responsibilities of Business Economists The role of Business Economist becomes increasingly important in view of the different objectives of the firm. He has a significant role
Advantages of Socialistic Economy The following are some of the advantages of Socialistic Economy. 1. Best Utilization of Resources Socialistic economy can bring about efficient and best utilization
Defects or Wastes of Monopolistic Competition The many defects of monopolistic or imperfect competition are referred to as wastes of competition. Five kinds of wastes or defects are
Methods of Economic Analysis Like any other science, Economics adopts two important methods in its investigations and formulation of laws and principles. The two methods are Deductive Methods
Limitations of Consumer’s Sovereignty Is consumer really an-undisputed ‘monarch’ in a capitalistic economy? Are there any limitations to his powers? To what extent can this consumer-king extend his
Role of Entrepreneurs in Economic Development of Country Role of Entrepreneurs in economic development of a country are discussed under the following heading. 1. Employment opportunities Entrepreneurs employ
Entrepreneurial competencies refer to the characteristics of an entrepreneur. Entrepreneurs require certain qualities or characteristics for establishing and running business enterprises. Neglecting few qualities inevitably affect the development
What is Franchising? Franchising is a well-known business strategy. Franchising is a form of contractual agreement in which a franchisee (a retailer) enters into an agreement with a
