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Success per se defines every attainment we have in all aspects of life. But success could never be achieved without the perseverance, persistence, determination, will, and spirit to put great thoughts into action. Sometimes it involves sacrifice and giving up what you want and expecting nothing in return.

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How does the free enterprise system of the US promote individual initiative?

The free enterprise system of the US promotes individual initiative because it propagates the idea that every individual can be an entrepreneur and start his own business.


What is the definition of equality of condition and how does it impact societal structures and individual opportunities?

Equality of condition refers to the idea that all individuals should have equal access to resources, opportunities, and benefits in society. This concept impacts societal structures by promoting fairness and reducing disparities based on factors such as race, gender, or socioeconomic status. It also influences individual opportunities by ensuring that everyone has a level playing field to pursue their goals and achieve success.


You are an entrepreneur with an innovative idea for a new business. In which kind of economy would you have the most opportunity to try to achieve success?

Most workers lack job security.


What idea is most closely associated with laissez -faire?

Government should refrain from intervening in the economy, leaving all major decisions to the individual business leaders.


How do bank loans help the economy grow?

Bank loans give capital investment to people who have ideas or plans which are economically beneficial but lack the means to create their idea. Usually, a loan entails that a person creates a success and pays the loan off. A loan is mutually beneficial because the bank and the individual profit from it. This means that there is a total gain in social welfare. Additionally, the increased production and capacity from capital investment increases overall production and thus GDP (which is a function of production).

Related questions

What is the main idea Franklin is trying to convey by telling the story of the smith?

Franklin uses the story of the smith to illustrate the importance of taking decisive action and making the most of opportunities. He emphasizes the value of hard work, resourcefulness, and perseverance in achieving success. The story underscores Franklin's belief in the power of individual effort and initiative.


What literary term describes the story's central idea or concept if the idea is that sacrifice ensures success?

A story's the central idea or concept is a theme. A story with the idea that sacrifice ensures success would have a theme of sacrifice leading to success.


Which is proper - an idea comes out or an idea comes up?

An idea comes up would be the normal expression.


What was Royden's dad's idea of success?

what


What is a conceptus?

It means to have an idea. It comes from another word meaning to conceive. A sperm and egg form a new individual and it is said that they (the parents) conceived it.


What is the main idea in the last verse of the swan?

In the last verse of "The Swan," the main idea is that despite the beauty and grace of the swan gliding across the water, it conceals the effort and struggle happening beneath the surface to propel itself forward. This can be seen as a metaphor for the idea that success often requires hard work and perseverance that may not be readily apparent to others.


Confucianism encouraged the idea of individual autonomy?

individual autonomy


What is the idea behind the yo heave ho theory?

the idea of this theory is that the sound of a person involved in physical effort could be the source of our language , especially when that physical effort involved several people and had to be coordinated .


Would any company would be interested in a game idea?

There are companies that would be interested in a game idea or app. With people playing more games on smart phones and computers, a person with a good game idea who has done some research and test marketing, could present their idea for sale. An individual must be willing to do the legwork to be sure that their idea is fresh and viable. Just because a person comes up with a game idea does not mean it can make money, this is where the individual will need to prove to the investor or manufacturer, that they have a workable money making idea.


Why did Warhol paint soup cans?

He thought it was a fun idea, and it was a success.


What is the idea that anyone can enjoy financial success in the US?

The American Dreaam


What are two characteristic traits of Americans?

Two characteristic traits of Americans are individualism and a strong work ethic. Americans often value independence, self-reliance, and the idea that success comes from hard work and perseverance.