Creative destruction - Study guides, Class notes & Summaries

capital accumulation - the growth of capital resources, including human capital. when a country saves more, this grows faster. aggregate investment - savings rate x GDP political creative destruction - the process in which economic growth destabilizes existing regimes and reduces the political power of rulers. creative destruction - refers to the process by which new technologies replace old ones, new businesses replace established companies, and new skills make old ones redundant. rev...

Entrepreneurial Motivation personal reasons, economic reasons What is entrepreneurship? An act of innovation, creating something of value from nothing, the creation of a new enterprise, the creation of new organizations There are many different definitions of entrepreneurship. Which characteristics do they all mention? Creativity What is creative destruction? Entrepreneurship moves market away from the equilibrium What is entrepreneurial discovery? Entrepreneurship moves market towards the e...

A high inventory turnover ratio means what - ️️it may indicate great efficiency or loss of sales due to insufficient stock levels. Activity Ratios: How efficiently are assets and liabilities being managed? - ️️A/R Turnover: Net Credit Sales / Avg. Accounts Receivable Inventory Turnover: COGS / Avg. Inventory Asset turnover ratio is what? - ️️Net income/total assets. Its better if its higher. Blake Mycoskie video (Tom's). - Why did he choose to start a business instead of a chari...

Self the things we know about ourselves developed from birth (hair color, height, weight, eye color) Self-Esteem how we feel about ourselves; do we like how we look; changes often (deals with the present, our feelings, confidence) Personality how others see us; our non-verbals, outward appearance (how we come across to others) Self-Concept made up of self, self-esteem, and personality; what we think/feel about ourselves & from external sources; stays constant, it is lear...

Innovation and Entrepreneurship Actual Exam Questions And Answers reader of business plan should be able to quickly understand the core idea of how the - ANSWER- product or service works and how it will be further developed in the future. taxation affected by two factors: - ANSWER- the national tax regime whether to form a corporate body; if so, a double taxation might be the result, i.e., taxation of the corporation and the entrepreneur Compared to partnerships, there are significant...

government - correct answer the system by which a state or community is governed politics - correct answer the practice and theory of influencing other people political culture - correct answer broadly shared values, beliefs, and attitudes about how the government should function and politics should operate; American political culture emphasizes the values of liberty, equality, and democracy moralistic political culture (definition) - correct answer the belief that government should be ...

English 25 Final UCSB Exam Questions & Answers 2023/2024 Frederick Winslow Taylor - ANSWER-Principles of Scientific Management (1911) Bricklaying Short Ex:-first began where workmen were the only people with full knowledge of how to complete their tasks -managers at first did not interfere because they knew the workmen were knowledgable about their tasks and therefore felt like they could not speak up -companies wanted to be more efficient to save time and money, so they created the "i...

Which of the following is not one of Ian Kershaw's conclusions in his essay "Hitler's Power and Destruction"? A) There is nothing that stands as a positive artistic legacy of Hitler's reign. B) No governmental form or system which could serve as a possible model emerged from the Nazi regime. C) Hitler's final escape plan, thwarted by the Allies, reveals the inner flaws of his strategic and tactical thinking. D) Devoid of constructive, creative energy, articulating only ever wilder urge...

Which of the following is not one of Ian Kershaw's conclusions in his essay "Hitler's Power and Destruction"? A) There is nothing that stands as a positive artistic legacy of Hitler's reign. B) No governmental form or system which could serve as a possible model emerged from the Nazi regime. C) Hitler's final escape plan, thwarted by the Allies, reveals the inner flaws of his strategic and tactical thinking. D) Devoid of constructive, creative energy, articulating only ever wilder urge...

Which of the following is not one of Ian Kershaw's conclusions in his essay "Hitler's Power and Destruction"? A) There is nothing that stands as a positive artistic legacy of Hitler's reign. B) No governmental form or system which could serve as a possible model emerged from the Nazi regime. C) Hitler's final escape plan, thwarted by the Allies, reveals the inner flaws of his strategic and tactical thinking. D) Devoid of constructive, creative energy, articulating only ever wilder urge...