Business and Economics
← 5 Reasons Why Businesses Fail | Digital Marketing → |
The leisure-fair policy that is practiced by Hong Kong is characterized by the absence of tariff or non-tariff barriers to trade and low tax rates that have led to increasing economic growth in the country. Consequently, the freedom of exchange in Hong Kong fosters production capacity of citizens and businesses by enhancing the easiness to trade goods and services both internally and in foreign markets (Yu, 2011). According to Holmes & Spalding (2011), economic liberty promotes individuals’ ability to create wealth for themselves and the nation. Moreover, the freedom to conduct business encourages specialization in trade and allows a business to benefit from increased opportunities for foreign exchange which in turn boosts the country’s economic growth (Holmes & Spalding, 2011). Similarly, the advanced liberty allows people to pursue their business interests in an economy that encourages fair pricing of goods and services as well enforces to property rights that more people gain economically. Due to low regulations, the economy maximizes creativity, competition, productivity, and access to domestic and foreign markets that is critical in making businesses thrive. Furthermore, Holmes & Spalding argue that there is a positive correlation between economic liberty and businesses since the economic freedom results into more per capita income (Holmes & Spalding, 2011).
On the other hand, the absence of government interference limits accessibility to goods and services for those who cannot produce it. Consequently, economic liberation encourages monopoly of a few companies who manage to stay in business amidst stiff competition of many businesses as a result of free market entry. In the case of Li Ka Shing, the citizens of Hong Kong have no choice but to live in low-quality housing that they cannot produce themselves. Similarly, business freedom can pose large economic risks by allowing few businesses to dominate the market share. If such businesses fall, the country’s economy will be negatively affected as well.
Modern entrepreneurship highly depends on innovative ideas of creating a competitive advantage over other businesses. Consequently, entrepreneurship stems from a creative concept which develops into a business opportunity. Individuals aspiring to be entrepreneurs create business ideas from products or service gaps in the markets or may capitalize on their passion for a given activity (Price, Stolca & Boncella, 2013). Whether it is a start-up or an existing business, entrepreneurs depend on their ability to be sustainable that requires creativity. Creativity can be generated from innovativeness which comprises new different ideas, creative ways of developing products, and high level of experimenting with new concepts. Creativity is often associated with small firms or entrepreneurs because of their flexibility to adapt new ideas to gain a competitive advantage over big corporations. Similarly, non-bureaucracy in small businesses makes it easy to experiment in production as opposed to legal procedural requirements in companies. Consequently, entrepreneurs owe their profits solely to creativity. If not creative, entrepreneurs become more subject to risk of being quickly eliminated in the market.
According to Price et al. (2013), creativity is more efficient in increasing the capacity of productivity and earnings for entrepreneurs than any other production variable. Creativity can be helpful when an inefficient use of technology or previous production ideas makes the business unprofitable. The creative ability of an entrepreneur depends both on the composition of its policies and business ideas and the process of implementation of those ideas. The effective use of innovation and creativity fosters long-term sustainability of a business and creates opportunities to grow into a corporation (Price, et al., 2013).
Buy a business paper from our writing service!
- Digital Marketing
- Business and Corporate Laws: Ms. Anderson and McEnroe
- 5 Reasons Why Businesses Fail
- Management: Casinos
![]() |
Billie N.
Atlanta, GA
|
|
EssaysEmpire.com is the only writing company that I can trust with my important writing projects. I have learned that I can count on your quality and ability without fail. Thank you, EssaysEmpire.com, for only hiring the best writers. I wouldn’t dream of using any other writing service. |
![]() |
Kris K.
San Francisco, CA
|
|
I would like to say thanks to writer #48376 for doing such an astonishing job on my paper. I really gave him very little to go on. Still, he was able to do the research and come up with a champion paper for me. I am speechless. I didn’t expect anything nearly this good. |
![]() |
Ohjasi O.
Tokyo, JP
|
|
The essay that your writers turned out for me far exceeded what I was expecting. It even came with a plagiarism report to prove that it was original. The customer service center was the picture of perfection, too. I loved everything about using EssaysEmpire.com and plan to use your services again. You are one class act! |
![]() |
Nancy B.
Lawrence, KS
|
|
I accidentally read the wrong chapters for my history assignment. Therefore, when it came down to the wire and I needed to hand in my history paper, I had to reach out for help very quickly. Your writers were able to put something together for me so fast! I couldn’t believe it! I handed the paper in and got a very high score on it. I was stunned! Thank you so much for your help! |
![]() |
Cleo C.
Wichita, KS
|
|
To the writers at EssaysEmpire.com: Next week, I will be graduating with a degree in clinical psychology. Over the course of my college years, I have had to turn to you for help many times. Each and every time, you produced some of the highest quality writing my professors had ever seen. Because of you, I was able to keep a high grade point average and get into an excellent grad school. There are simply no words adequate enough to fully express my appreciation, so I’ll simply say, “thank you” and let it go at that. Please know that you are appreciated. |
![]() |
Emily H.
Norman, OK
|
|
My writer revealed to me that when he isn’t working for you, he is teaching at a major university. He also told me that a lot of the other writers who work for you are professors. That is impressive! No wonder I got an A+ on my paper! |
![]() |
Sylvia S.
Ardmore, OK
|
|
Dear EssaysEmpire.com, Over the last couple of years, I have used your writing service for a total of five times. I have never had the same writer twice, but I have had excellent results with the writers who were assigned to my projects. I could easily recommend you guys. You’re the greatest! |
![]() |
Ramona R.
Sparks, NV
|
|
Thank you for doing such stellar work on my paper. How anyone could write a paper this well on a subject this boring, is beyond me. When I tried to write it myself, I thought it would have put my professor to sleep! Your writers made it sound so interesting! I really appreciate that. Thanks a million! |
![]() |
Maddie P.
Seattle, WA
|
|
The EssaysEmpire.com website is so great! There are no mysteries to be solved. They give you the full layout about what they have to offer and how much it costs. No surprises. I had a couple of questions about the different options and their customer service rep was so friendly! She answered all my questions. I ordered my first paper and it was so well written that I got an A+ on it! Thank you, EssaysEmpire.com! |
![]() |
Allen P.
Denver, CO
|
|
Writer #3827 is a great writer! I got an A+ on my very first paper of the term. This is the way to set the pace for the rest of the term. Thanks! |
![]() |
Steve Y.
Ft. Worth, TX
|
|
I would just like to say that I am tremendously happy with the two papers that were written for me by the EssaysEmpire.com writers. They were just what I ordered….only better. |
![]() |
Willow P.
Park City, UT
|
|
You guys do top-notch work. Time after time, I have had to rely on your help and I can say honestly that you have never let me down. Thank you so much for coming through for me every time. I am not a good writer. I try. I study hard, but when I need help, you are always there to give it to me at an affordable price. |
![]() |
Fred H.
Berkeley, CA
|
|
Thank you for doing what you do. You helped a lot of my friends, and now you have helped me. You provide a valuable service to students who need to get over writing hurdles. |
![]() |
Delaine A.
Taos, NM
|
|
I had a question about the pricing. As I glanced through the EssaysEmpire.com website, I noticed that they were offering a lot for not all that much money. I spoke to a customer service person and she told me that the prices I saw on the website were accurate. Therefore, I ordered my first paper, not expecting all that much. What I got back was a brilliantly written essay that earned an A+ mark! Wow! I am impressed! |
![]() |
Philipa W.
Rome, ITALY
|
|
The paper that your writers did for me on the topic of, The Psychological Effects of Fluorescent Lighting in the Workplace,” was right on the money! They included my long list of customizations and did not charge extra for them. The formatting was just right. There were no grammatical errors. The length was what it was supposed to be. I am so happy that I chose to let the EssaysEmpire.com writers take care of my paper for me. I will choose this writing service again without hesitation. |
![]() |
Trilly M.
Spokane, WA
|
|
I just had to let you know how much I appreciated receiving a paper back that was of quality that high. I will recommend your writing service to other people I know. You guys do great work. |
![]() |
Celeste H.
San Francisco, CA
|
|
EssaysEmpire.com always gives me a plagiarism report to prove that the work they wrote for me is authentic. I appreciate this. It helps eliminate worry. |
![]() |
Pete F.
Sparta, NJ
|
|
Dear EssaysEmpire.com, I have never used a writing service like yours before. None of the ones I have tried previously offered the kind of guarantees that you offer. I even bought a paper that was plagiarized once. I never have to worry about things like that with EssaysEmpire.com! Thanks a million! |
![]() |
Tricia A.
Calabasas, CA
|
|
Thanks for everything. I like your writing service a lot. Your staff is friendly and they’re always open. The papers that you’ve written for me have been very good. |
![]() |
Cleo P.
Oakland, CA
|
|
I submitted my order as a ‘rush order’. I only had 2 days to get my paper finished and I just felt like I was sinking. I didn’t understand the material I was writing about, and I didn’t know what I was going to do. My friend recommended EssaysEmpire.com. I had very little lost by attempting to use this writing service, so I did. It was an excellent move on my part, because, not only was my paper finished on time. It was also excellently written. I will always be grateful to my friend for recommending your service. It is wonderful. |