The Role of Individuals and Small Businesses in Economic Development
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Questions and Answers

Based on the text, one of the negative effects of the unemployment crisis is

  • reduced government funding for small businesses
  • decreased reliance on small businesses in developed economies
  • limited career opportunities for university graduates (correct)
  • increased support for large projects

    • Recognizing the importance of entrepreneurship and small enterprises can help to

  • encourage university graduates to pursue self-employment (correct)
  • reduce unemployment in Central and Eastern Europe
  • increase government funding for large projects
  • promote the development of large projects

    • Small businesses in Central and Eastern Europe have played an important role in their development. This is because small businesses

  • are more innovative than large projects
  • are less risky than large projects
  • generate more jobs than large projects (correct)
  • receive more government support than large projects

    • Small businesses are seen as essential and indispensable components of developed economies because

    <p>they create a culture of self-employment</p> Signup and view all the answers

    The main focus of the chapter mentioned in the text is to introduce the concept of

    <p>entrepreneurship</p> Signup and view all the answers

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