Christopher Columbus was like an entrepreneur in his persistent pursuit of funding for his voyages, despite facing numerous rejections. His ultimate goal of paving a new trade route and spreading Christianity parallels the goals of entrepreneurs who aim to create innovative change and profit. Columbus also reported back to his stakeholders, a common aspect in entrepreneurship.
Christopher Columbus can be compared to an entrepreneur due to his efforts to secure funding for his exploratory expeditions, a common characteristic shared with modern-day entrepreneurs. Just like an entrepreneur, Columbus believed in his idea of finding a westward route to India, despite facing numerous rejections.
Columbus first approached the rulers of Genoa and Venice with his plans, and when they didn’t agree to fund his expedition, he tried his luck with the Spanish monarchy. His persistence eventually paid off in 1492 when Ferdinand and Isabella of Spain agreed to finance his expedition.
Columbus’s journey across the Atlantic can be seen as a venture aimed at expanding trade and Christianity to the East, which are similar to the goals of an entrepreneur, namely to change the world and make a profit. In 1493, Columbus reported back to his investors, a common accountability aspect in entrepreneurship.
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Answer:
Factors of production are resources a company uses to generate a profit by producing goods and services. Land, labor, capital and entrepreneurship are the four categories of factors of production.
Explanation:
Answer:
Correct Answer:
1. People’s opportunities and experiences are shaped by how their social categories are ranked.
2. People are ranked in a hierarchy according to common characteristics.
3. The positioning of social categories tend to change slowly.
Explanation:
Social stratification is the existence of structured inequalities between groups in society, in terms of their access to material or symbolic rewards. Almost all societies involve some forms of stratification, which only manifest through systems which shows differences in wealth and power.
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a. True
b. False