what happens when entrepreneurial activities slow down?
Answers
Answer:
startup
Fears for the future of one of the economy’s most successful sectors
Explanation:
ONE of the proudest boasts of David Cameron’s government was that it had turned Britain into one of the world’s most entrepreneurial countries. In the Global Entrepreneurship Monitor, an international index of startup activity, Britain is ahead of Europe’s other large economies, although still lagging America. Last year a record 608,110 businesses were born in “Startup Britain”, as the Cameroons liked to call it, about 27,000 more than the previous year. Moreover, an increasing proportion of these were set up by what managementologists call “opportunity entrepreneurs”: those who bring innovative products and services to the market, rather than setting up a firm simply because they have lost their job.
Yet some businessfolk now fear that Theresa May’s new government could let this progress stall. Lord Young of Graffham, a former trade minister under Margaret Thatcher, laments: “This is the first government since Mrs Thatcher came into office that doesn’t feature enterprise, startups and small businesses” among its priorities.
What happens when entrepreneurial activities slow down?
a. Income is evenly distributed
b. Tax revenues are increased
c. Quality of life is improved
d. country's unemployed rate goes up
The correct answer is :
d. country's unemployed rate goes up
Explanation :
When entrepreneurial activities slow down, the unemployment rate of the country increases. Entrepreneurship is a powerful means of providing employment. Entrepreneurship through entrepreneurship provides employment to the people who want to get employment.
When entrepreneurial activities increase in entrepreneurship, new jobs are created and the unemployment rate decreases. In addition, the income is distributed equally.
When the income of the people increases, then they also pay their taxes properly at the right time, this increases the tax revenue.
When people's income increases, their quality of life improves.
Therefore, increasing the activities of the concern produces results such as an equitable distribution of income as well as an increase in tax revenue, and an improvement in the quality of life. But if entrepreneurship declines, then the opposite effects are visible. When entrepreneurial activities decrease, enterprises and employment availability decrease, and the unemployment rate increases in the country.
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