Answer to Question #199808 in Economics for Makaia Hill

Question

Directions: Please reflect on this past semester. Remember, a reflection is a look back at the lessons learned and writing in detail about them. A reflection could be an observation of how you grew as a student or your thoughts on the content. It can also be a description of how these lessons helped you or how they might help you in the future. Take your well thought out ideas and write about what stood out when describing your experience this semester.

Topics discussed include: Job interviews, balancing a checkbook, and entrepreneurship

Answer 1

Entrepreneurship (or entrepreneurship) - proactive, independent, carried out at their own risk and under their property responsibility, a human activity aimed at making a profit.

Basic principles of entrepreneurial activity:

freedom of entrepreneurial activity;

proactive and independent activity;

making a profit as the main goal of entrepreneurial activity;

legal equality of various forms of ownership used in business;

compliance with the rule of law in entrepreneurial activity;

free competition and restriction of monopolistic activity.