WebAug 21, 2024 · The distinction between constructs and concepts are clearer in multi-dimensional constructs, where the higher order abstraction is called a construct and … WebAug 5, 2024 · Capital refers to financial assets or the financial value of assets, such as funds held in deposit accounts, as well as the tangible machinery and production equipment used in environments such as ...
Terminology - Wikipedia
WebSolution. Business is one of the economic activities. Business is done to earn a profit. It is done by individuals organisations. The business includes all those activities done for production, processing, and distribution of goods. The business has a risk involved. Concept: Introduction of Commerce and Business. WebMar 14, 2024 · The terms and concepts reflect the concern of social thinkers to understand and map the social changes. It reflects the concern that sociologists had in understanding the structured inequalities between groups and society. Terms and concepts acts as tool of different ways to understand society. fonzy\\u0027s tint
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WebExplain the following term/concept. Entrepreneurship Development Programme. Advertisement Remove all ads. Solution Show Solution. EDP is defined as “a programme designed to help a person in strengthening his entrepreneurial motive and in acquiring skills and capabilities necessary for playing his entrepreneurial role efficiently”. EDP is a ... WebAn introduction to the concepts of scarcity, choice, and opportunity cost. Economic resources are scarce. Faced with this scarcity, we must choose how to allocate our resources. Economics is the study of how societies choose to do that. WebExplain the following term/concept. Directing. Answer the following: Give the definition of directing. Advertisement Remove all ads. Solution Show Solution. Directing is the soul of management function. It is the process of instructing, guiding, communicating, inspiring, motivating, and supervising the employees to achieve the predetermined ... eirgrid innovation report