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- What is meant by entrepreneur? Explain why people are willing to take the risks of entrepreneurship? Define SWOT. Conduct a SWOT analysis assuming you would like to start a business on your own in Oman. Provide an example to support your answer.Define the concept of Imperfect Multicollinearity?how do money and debt play a decisive role in the development of the market logic of capitalism?
- How have the costs of entrepreneurship changed over the past decade? What forces are behind these changes? What does this mean for the future of entrepreneurship?What in your view has led to an increase in the level of organisational competitiveness in modern times?Describe some of the basic components of the evolution of capitalism? According to Investopedia (2017), capitalism grew fromEuropean feudalism in which workers were controlled by feudallords. The system was mainly agricultural in nature, and aseconomies became more urbanized, child labor and long workinghours were common. Mercantilism and colonialism expandedtrade among countries, with periods characterized by wars,nationalism, exploration, and exploitation.Henri See (1928) also believed that capitalism was part of aneconomic revolution in Europe, which first appeared in the formof commercial and financial capitalism. The capitalistic businesses,which manifested themselves in the nineteenth century, wentthrough some transformation with labor businesses and relationsbetween employer and employee.Historically, capitalism was seen as an exploitation of laborin the wealth-creation process and in the reproduction of socialrelations. According to Shaikh (1990), the manner in whichsociety…
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