Please do not answer this question if you have already answe

Please do not answer this question if you have already answered it on this website. I’m looking for another independent opinion on this. Use the attached graph to discuss the effects of a reduction of the ‘cost of doing business’ on the equilibrium level of entrepreneurship and on the income premium enjoyed by the entrepreneurs. Provide definitions of ‘cost of doing business’, ‘income premium enjoyed by entrepreneurs’, ‘entrepreneurial opportunity’ and ‘relative supply of entrepreneurs’. If either of the graphs does not shift and stays unchanged, explain why the reduction of the “cost of doing business” would not affect this line and the line would stay unchanged. Draw any changes/ line shifts to the graph and clearly explain the logic behind these changes. (Please draw a clear graph in your answer with any changes.) On the graph: Wse stands for reward of self-employment; We stands for reward of being employed; SE stands for self-emplyed; E stands for being employed. Please clearly identify increases/decreases in Wse/We rate and SE/E rate.

wse/we Entrepreneurial opportunity Relative supply of entrepreneurs SE/E

Cost of doing business refers to loss, damage , depreciation , expense beared by the enterprise is known as cost of doing a business. Doing a business is a risk taking.

There can be a massive increase in the income of the enterprise. There are entrepreneurs who embrace the risk and enjoy the income premium. A premium income is the money earned from customers from different insurance policies like health, car policy etc.

Enterprenurial opportunity means when the enterprise is readily take up the risk of making profit. It happens when the enterprise is ready to make new product or services in the existing market or new market.

Relative supply of entrepreneurs is dependent on the economic factors like capital, condition of the market etc. The policy making depend on th economic factors.

There is no change because of the following reasons like one can use proper strategies like meeting online peoplecan help in expanding the business globally, reduction in too many workers who are not required etc.

Please do not answer this question if you have already answered it on this website. I’m looking for another independent opinion on this. Use the attached graph

Please do not answer this question if you have already answe

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