economy to produce goods and services, compared from one period of time to another” (Investopedia, 2014). Numerous methods are utilised to measure economic growth. One is the percentage annual change in Gross Domestic Product (GDP) calculating the value of everything produced by a nation state. Other methods, amongst many, are measurements of a nation’s incomes, savings, assets, investments and productivity. 2.b Difficulties Considerable difficulties arise in defining what an entrepreneur is and…
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