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Yogita Ingle 4 years, 9 months ago
Break-even for a firm occurs when it is able to cover its all cost of production. Accordingly, break-even point is defined as a situation when AR = AC. Under this situation, the firm earns only normal profit.
The break-even point is graphically presented in the below figure. Break-even occurs at point Q. Here AR = AC. The firm is just making normal profits at break-even point.
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Yogita Ingle 4 years, 9 months ago
Entrepreneurship is the ability and readiness to develop, organize and run a business enterprise along with any of its uncertainties in order to make a profit. The most prominent example of entrepreneurship is the starting of new businesses.
In economics, entrepreneurship connected with land, labour, natural resources and capital can generate a profit. The entrepreneurial vision is defined by discovery and risk-taking and is an indispensable part of a nation’s capacity to succeed in an ever-changing and more competitive global marketplace.
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Sia ? 5 years ago
Attitude is a set of mind, a set of views, or thoughts regarding some topics which have an evaluative feature.
<th>Positive Attitude</th> <th>Negative Attitude</th>| Individuals who have a positive attitude will pay attention to the good, rather than bad in people, situations, events, etc. | People with a negative attitude ignore the good and pay attention to the bad in people, situations, events, etc. |
| Positive attitudes are rewarded. It means the individual is encouraged to do die the same thing in the future. | Negative attitudes are punished to discourage the same action in the future. |
| If we think positive thoughts we will surely experience such emotions as joy, love, gratitude, peace, and hope. | If we think negative thoughts we will have negative feelings such as anger, disappointment, irritation, envy, etc. |
| It is an optimistic approach for a person to achieve good results. | It is a pessimistic mindset of a person who is not capable of handling critical issues. |
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