ENTERPRISES AND ECONOMIC GROWTH Nigeria as a developing economy cannot achieve full development without the contribution of the small and medium scale enterprises (SMEs). In most developed economies‚ the main stay of their economy has been attributed to the effectiveness of the small and medium scale enterprises (SMEs). Small and Medium Scale Enterprises (SMEs) is accepted globally as a tool for empowering the citizenry and economic growth. It has been associated with the rapid economic growth of
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moment of inspiration‚ the why when and how of certain opportunity recognition. According to Schumpeter “the role of entrepreneurship is implicit as an underlying cause of innovation. However‚ innovation is not solely the domain of entrepreneurs” - The idea of Entrepreneurship somewhat relies on the effective means of innovation. The concept of innovation allows the development of new ideas‚ inventions and their making come to pass. Economic development undertakes the adoption of new market technologies
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To what extent did the technological developments of the Industrial Revolution contribute to economic change in this period? Technological developments of the Industrial Revolution made a profound contribution to the economic changes in this period liberating labor and allowed for unbridled monetary developments. The Industrial revolution spanning the 150-year period between 1750 to 1900 saw exponential technological advancements in England which freed the average person from the confines of their
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Explain how organisations respond to IT development Adopting business processes In today’s society IT is becoming more essential in everyday life. We use IT to contact people‚ to shop and to find information. Businesses are now trying to adapt to the ways of IT so they can build a stronger connection between their business and their consumers. One of the ways businesses are doing this is by introducing loyalty cards. Loyalty cards are basically cards that companies give you rewards and therefore
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Economic Development - Changes in income‚ savings and investment along with progressive changes in socio-economic structure of country Economic Growth - Economic growth refers to an increase in the real output of goods and services in the country Globalisation refers to the integration between different countries and economies to operate as a single eco entity Can achieve eco growth by eco development How to achieve eco dev? Trade Patterns - What goods and services a country trades‚ with whom
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ref=MjBfMDZfMTFfMTNfMV8yN18xNzI0OTk= Economic growth and economic development Like the infrastructure development‚ improvement of legal mechanism Can now be regarded as the most important precondition for sustainable Growth‚ a stronger economy‚ and pro-people system of governance‚ Writes M S Siddiqui Economic development generally refers to sustained and concerted actions‚ taken by the policy-makers and communities‚ which promote the standard of living and economic health
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1. How does movement contribute to the development of the child? The capacity to move according to will is what distinguishes man and animals from the vegetable world. Movement is an essential part of life and it helps to create the means for subjecting motion impulses to the will. The more developed a child is‚ the more obedient are his instrument of motion to his will. Nature teaches the child how to move about. The movement of the child while growing is different in each stage of his development
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SHC 34.2 Explain how duty of care contributes to the safeguarding or protection of individuals Having a duty of care should guarantee the safeguarding of children in my care. Risk Assessments – carrying out and reviewing risk assessments for all of the activities we do and places we visit ensures that thought and concern is given to how we do things every day‚ this way I ensure risks concerning equipment‚ venues and activities are minimised and therefore reducing the risk of injury or harm
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Abstract This assignment seeks to consider the facts‚ challenges‚ dimensions and strategies on how education can play a pivotal role in sustainable economic development. It considers three different perspectives of dimensions as researched globally and now applicable in the South African context. It also discusses the concepts of how education can be applicable and of great assistance for self-reliance to address the skills shortage and job creation challenges in South Africa. It further discusses
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Buy Fairtrade Chocolate (Speech)  Chocolate. . For many you sitting in this room‚ chocolate is ‚ a food that we crave. But for other children around the world‚ chocolate is anything but sweet. When you take a bite into that piece of chocolate‚ you may be unaware of what exactly it took for it to get where it is. Halfway across the world‚ children like us are forced to work in the most appalling conditions on cocoa farms where some of these chocolates are coming from. So what exactly is happening
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