Micro Economics

May 20th, 2015
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The key factors that affect the ability of a firm to earn an acceptable rate of return on its owners’ investment are known as the economics of a business. The most important of these factors are competition, technology, and customers. These factors continuously put pressure on the market share and profit margin of a company which leads to a changing economics.

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1. ENTREPRUNERSHIP....................................................................22. TYPES OF ENTREPRUNER ORG...................................................5 2.1. INDIVIDUAL PROPRIETORSHIP.............................................5 2.2. PARTNERSHIP.......................................................................6 2.3. JOINT STOCK COMPANY.......................................................8 2.4. CO-OPERATIVE SOCIETIES...................................................11 2.5. PUBLIC OR STATE UNDERTAKINGS.....................................133. BIBLIOGRAPHY.........................................................................15 Entrepreneurship:It is the process of begining of a business or other organization. Theentrepreneurdevelops abusiness model, acquires the human and other required resources, and is fully responsible for its success or failure. Entrepreneurship operates within an entrepreneurship ecosystem.In recent years, "entrepreneurship" has been extended from its origins in business to include social and political activity.Entrepreneurship within an existing firm or large organization has been referred to asintrepreneurshipand may include corporate ventures where large entities spin off subsidiary organizations.Entrepreneurs are leaders willing to take risk and exercise initiative, taking advantage of market opportunities by planning, organizing, and emplo

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