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
|
Millie P.
Jackson, WY
|
|
|
Thanks goes out to the writer who filled my order. He did everything right the first time around. I had to ask for one tiny revision, but that was my own fault for leaving it out of the directions. |
||
|
Phoebe K.
Madison, CT
|
|
|
I find your writing company to be professional, proficient and perfect. Your papers are always so good! They make good reading, in addition to being well written assignments. I can tell your writers really know their stuff! |
||
|
Langley R.
Los Angeles, CA
|
|
|
One of the things that I appreciate most about EssaysEmpire.com, is that they don’t resell your paper. Only you own it, if you hire them to write something. Other writing services that I have used, just circulate the same paper over and over, and if you get caught turning one in, too bad. You are expelled. EssaysEmpire.com will even give you a plagiarism report after they run it through their anti-plagiarism check. Such details set EssaysEmpire.com above the rest. |
||
|
Kaylie B.
Casper, WY
|
|
|
Thank you, EssaysEmpire.com, for being the one writing service that I can always depend upon. You are reliable, honest and you do great work. I have been happy with every order I have placed with you |
||
|
Sharon S.
Dallas, TX
|
|
|
I greatly appreciate your assistance. Writing has never been my strong point. When I needed help, EssaysEmpire.com gave it to me. I am completely satisfied! |
||
|
Thomas C.
Louisville, KY
|
|
|
I loved the paper that your writers helped me with. They wrote from a very interesting perspective that I had never even considered. My teacher was happy with the work, and so was I. Thank you very much. |
||
|
Bryce F.
Capistrano, CA
|
|
|
Thanks for the excellent job that you guys did on my history assignment and my bio research paper. I never could have done this on my own. |
||
|
Sharon Q.
Lexington, OK
|
|
|
Working with your writers is always such a pleasure. Thanks again. |
||
|
Pierre W.
Memphis, TN
|
|
|
There are four things that I look for in a good writing service. #1. They have to be fast. A good writing service won’t miss an important deadline. #2. A good writing service will let customers actually talk to the writer who is working on their customer’s papers, so the customer can work out important details. #3. A good writing service will have a user-friendly website that is easy for the customer to use and #4, a good writing service will offer quality guarantees. EssaysEmpire.com meets all of this criteria and more. EssaysEmpire.com is the best writing service and has the reputation to prove it. I wouldn’t even consider using another writing service since experiencing the excellence that is EssaysEmpire.com! |
||
|
Steve C.
Marion, NE
|
|
|
Thank you so much! I was assigned a paper that I found impossible to write. I did the reading. I did the research. However, regardless of my weak attempts, I could not formulate a cogent paper. I needed help, and EssaysEmpire.com’s writers were there for me. Customer service even arranged for me to speak with the person who was working on my paper personally. I had a lot of concerns, because my professor was very picky. However, EssaysEmpire.com was able to handle the order with no problem |
||
|
Sylvia B.
Lakeview, MA
|
|
|
Your writers did an excellent job writing my four papers last semester. I don’t think I could have possibly made it through the semester without any help of EssaysEmpire.com. I deeply appreciate the help |
||
|
Lonnie K.
Falcon Crest, MA
|
|
|
I work very long hours. Therefore, I sometimes run behind in my school assignments. This is especially true for the long written assignments. It is so great to know that I can always count on EssaysEmpire.com to help me out. The papers that I buy from you are excellent, without fail. I really appreciate your help . Thanks for everything. |
||
|
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! |
||
|
Jeff M.
Baltimore, MD
|
|
|
I would like to commend your excellent writers for a job well done. They followed my directions to a tee. Thank you, EssaysEmpire.com for being who you are and for doing what you do. There is no better writing service anywhere. |
||
|
Mark C.
Mexico City, MX
|
|
|
Thanks to EssaysEmpire.com, I was able to keep my GPA up and will be graduating soon. I really needed assistance with my writing. I aced everything else, but I have always had problems expressing myself in writing. The writers at EssaysEmpire.com took the ball and ran with it! Because of them, I am going to graduate. Thank you, from the bottom of my heart, for all of the valuable assistance. |
||
|
Marcy V.
Paris, FR
|
|
|
Given the short amount of time I gave your writers to create my term paper, I was amazed by how good it was when I received it back! It appeared they had spent months writing it, rather than just one week. Thank you, EssaysEmpire.com! I enjoyed doing business with you. You are a fabulous writing company. |
||
|
Sarah H.
Brooklyn, NY
|
|
|
As always, I can count on EssaysEmpire.com to never let me down. I had to place an emergency order and was worried that I had not given the writer enough time to do a good job. I was wrong. They did a tremendous job! Thanks ever so much! |
||
|
Doreen A.
Malibu, CA
|
|
|
Due to a family emergency, I was unable to complete a very important paper. Thanks to EssaysEmpire.com, I was able to hand in a well written paper and not sacrifice my grade. I will be forever grateful to your writing service for providing such outstanding work. Thank you so much. |
||
|
Alexandra Z.
Dallas, TX
|
|
|
I am sitting here reading over what your writing service offers and I just realized that you are the only one that offers free rewrites and full guarantees on your work. This tells me that you are an honest company that I want to do business with. |
||
|
Hannah B.
Tulsa, OK
|
|
|
I am happy. I am happy because I got an A+ on my research paper. I did this by hiring the professional writers at EssaysEmpire.com to write it for me. It was everything I had hoped it would be. Thanks, EssaysEmpire.com! |
||