The Role of Entrepreneurship in Economic Growth Theories Quiz

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The ______ barked

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The ______ meowed

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The Role of Entrepreneurship Economic Growth Theories that Explain Economic Growth I Law of Nature Theory-Spingler (1932) a society of culture is like a living things that grows, lives and dies and its part of this life, thus something is expected to happen. The ______ Hand Theory-adam Smith as individuals seek to work for their own welfare they unknowingly promote what is best for the community and the society.

Invisible

Rocial Heritage-adult Hitler Stresses the belief that one race is superior than the other on the basis of color built and other geometric factors. Climatic Condition Theory-Eliworth Hurington (1915)- Climatic conditions determine the energy level of the people as well as the rate of development. The ______ of the Natural Environment -as Tovenne ace (1947) The combination of the geographic phenomena and souphylogical pressure of stimulation!

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Laizzes Faire theory Non-interference of the government to economic activities and confining their efforts only to education. Socio-Psychological Theory People engage themselves in some entrepreneurial activities because of self-interest → Cultural Diffusion theory - Anthropologic The contact of a less developed society to a more developed one with the latter influencing the other. ______ theory-John Maynard Keyness The greater the population, the greater the demand the most likely entrepreneurs need to invest.

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