We discussed how unemployed individuals are more likely to become self-employed later on. How does it affect the performance of the new firm? Why do you think that is?
When unemployed person becomes self-employed and starts a new firm, then performance of the new firm is positively affected as it is run by the entrepreneur as self employed person who is skilled in technical as well as functional aspects of running the firm. Further, Entrepreneur self employed person will have a unique idea to develop a business model and it can create demand for the firm's products. So, there is a fair chance of the growth of the firm.
I think that it will happen, because
innovative ideas of the self employed person, will develop business
model, and it can be initially financed by angel investors or
agencies who provide seed capital to the small and medium
enterprises. Here, the entrepreneur has to bring the some part of
initial capital required to convince the angel investors or later
on banks with suitable business plan. It will help the person to
organize some capital and run the firm with high promise of the
good performance in near future.
We discussed how unemployed individuals are more likely to become self-employed later on. How does it...
Why do you think individuals with lower levels of income are more likely to become compulsive gamblers than those with higher levels of income?
Provincial labour laws typically do not cover individuals who are self-employed. Should labour laws be changed to allow self-employed individuals to become union members? If so, what could the benefits be and why?
macroeconomic Macroeconomics HW 6 Unemployment 1. How would you classify the labor-force status (employed, unemployed, not in LF) of the following? a. A bank manager who is currently not working because she took a year off to take care of a newborn child. b. A 14 year old who works 10 hours per week at Six Flags. c. A 16-year-old who is doing 20 hours per week of unpaid work in his father's business. d. An auto worker whose union...
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In the process of making bread: a self-employed farmer who keeps his own seed stock, sells wheat for $100. This goes to a miller, who sells on the flour for $200, using a mill she owns and employees she pays $50. Everytime she uses this mill, a bit of the grind stone comes off, ∼ $5-worth. The baking company buys this flour and makes $300 worth of bread, paying its employees $50 and giving the rest to its shareholders. (a)...