Social Sciences, asked by praneethspikey1199, 9 months ago


16. Who are called the 'Spark plug in
The Spark plug in an economy's engine​

Answers

Answered by Anonymous
4

That little engine part called the spark plug performs a huge job in delivering a vehicle’s power, performance, dependability and fuel efficiency and, according to the non-profit Car Care Council, should be replaced periodically.

If you spot any of the following symptoms, the Car Care Council recommends having your vehicle checked to prevent more costly problems from developing.

Rattling, pinging or knocking noises. When spark plugs begin to misfire, you may notice unusual noises from the force of the pistons and combustion not working properly. Pistons travel at high velocities; if the spark plug fires at the wrong time, this could lead to constant rattling, pinging or knocking sounds.

Poor fuel economy. Lots of things can lead to poor fuel economy. In the case of old spark plugs, fuel is wasted because your vehicle fails to receive the proper, heat-generating spark at the right time.

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Answered by smartbrainz
1

In our market economy, entrepreneurs play a key role. They serve as the spark plug, as in driving force, for our economy, activating and stimulating all economic activities

Explanation:

  • Entrepreneurs feel that success is achievable and that they are ready to risk their money for profit. They are ambitious and forward thinking businesses. They move quickly and are versatile, ready to change quickly as new information is received. Based on the risk of their own money and pride, companies are stubborn and dedicated..
  • The most dynamic societies globally have the greatest number of entrepreneurs, as well as the economic and legal framework to promote and attract entrepreneurs so as  to encourage and motivate entrepreneurs to greater activities.
  • The production and sale of new products and services are driven by entrepreneurial energy, creativity and motivation. It is the entrepreneur who seeks to take advantage by addressing unmet needs. The entrepreneur is searching for a imbalance or disequilibrium — a gap between consumers ' expectations and existing products and services — and finds a way to fill that gap.
  • Entrepreneurs are skilled in selling their products/services against their rivals through the formation of different perceptions and singularities, and uniqueness in their products and services. They are constantly looking for ways to sell their products and services in a way that makes them more appealing than anything else.
  • Entrepreneurs are able to meet the legal and policy demands of company efficiently. They are creative and committed to complying with rules and obtaining the required licenses. We are great problem solvers and always seek solutions to the unavoidable obstacles.
  • Contractors may build internal business systems, processes, procedures and bookkeeping to function efficiently. They have a natural instinct for their businesses ' financial condition. And they are always concentrating intensively on revenue, cash flow so profits.
  • Because entrepreneurs create all wealth, all jobs, all opportunities and all prosperity in the nation, they are the most important people in a market economy
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