What is meant by entrepreneurship? What are the traits and competencies that are possessed by successful entrepreneurs?
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1. What is meant by the contingent workforce?
2. List five workplace competencies that SCANS defined as necessary for workers to be productive in the workplace?
3. List ten steps suggested in your Job Savvy book for getting off to a good start on a new job.
4. What is meant by minimum wage? Do college graduates usually work for minimum wage?
One of the reasons Joseph Schumpeter argued that capital was doomed was because he predicted that big corporations would naturally shift away from risk-taking entrepreneurship in favor of low-risk managerial strategies.Has this happened? Have major corporations been unwilling to adapt to the times and meet competition head on? Are corporate executives better described as risk-averse managers than entrepreneurs willing to take a chance?
Please answer all questions.
Explain the production possibilities curve for an economy that produces only pizza and computers. Explain how Fred Smith and other successful entrepreneurs could affect the curve?