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
![]() |
Celine H.
Calistoga, CA
|
|
Thanks for doing a great job on a paper that was an important part of my semester. You guys rock! |
![]() |
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 |
![]() |
Phil E.
South Hadley, MA
|
|
So often, when one deals with customer service, he or she is treated rudely. That was not the case with EssaysEmpire.com. The agents were helpful and friendly, knowledable and concerned. I, for one, was astounded with their competence. When it came down to the actual written material that I ordered, it was much better than I had anticipated. There are clearly some expert writers who work for EssaysEmpire.com. I would rate this writing service as exceptional, 5 stars out of 5 stars. I will happily return when I need help with another written work. |
![]() |
Mary R.
New York
|
|
Writer #48376 was very easy to work with. My professor made some changes to his requirements after he had assigned the paper. All I had to do was call your customer service and request to speak with the writer directly. Was able to relay the changes that my professor wanted, and he (writer #48376) accommodated them with no problem. I thought that was great. No headaches and perfect work. I couldn’t ask for a better experience! |
![]() |
James C.
New Orleans, LA
|
|
I am required to do more writing this semester that I possibly have time for. Right after class, I have to go straight to my job. It’s a good thing I have EssaysEmpire.com to help me out with the writing. You guys always do such excellent work. Thanks! |
![]() |
Hillary M.
Santa Cruz, CA
|
|
I received 100 points out of a possible 100 for the paper that you wrote for me. |
![]() |
Greg C.
Atlanta, GA
|
|
Your writing service is phenomenal. I love the fact that EssaysEmpire.com is even open on Christmas day. You never close, and that tells me that you are dedicated to students like me who might need help over the holidays or any time. The work you do is superior to that of other writing services. I’d say that overall, one simply can’t beat EssaysEmpire.com. Thanks for all that you do for students like me. |
![]() |
Jaffar M.
Salt Lake City, UT
|
|
My sincere thanks for a job well done. My professor loved my paper and commended me for handing in the one that your writing service helped me with. The paper flowed very well. It was logical and intelligent-sounding. I was very pleased overall. |
![]() |
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. |
![]() |
Shirley R.
Casper, WY
|
|
I would be honored to recommend your writing service to all of my friends. I don’t usually recommend anything unless I truly believe it to be a good thing. EssaysEmpire.com is a good thing! |
![]() |
Mike G.
Rochester, NY
|
|
Your writing service is different from other writing services. Yours is the only one I have ever dealt with that I can truthfully say is legitimate. The staff is very professional. The writers are the best in the business. I am pleased with the results of my last three orders and plan to return for more soon. |
![]() |
George Sparlin
Nashville, TN
|
|
You guys are fabulous to offer such amazing guarantees for your work. I hired you for my last two papers because there was no risk involved. That was a pretty attractive option, if you ask me. Of course, I didnРІР‚в„ўt have to cash in on any kind of guarantee, because the work was perfect! Go figure. Thank you, EssaysEmpire.com. |
![]() |
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. |
![]() |
Anne A.
Cambridge, MA
|
|
You dudes are awesome! Wow! I can’t believe I got an A+ on my paper! At best, I expected a B or C! |
![]() |
Glen M.
Oakland, CA
|
|
Your writers are awesome! I got an A and two A+’s on the papers that they wrote for me! |
![]() |
Royce E.
Dallas, TX
|
|
I first approached EssaysEmpire.com with skepticism. However, now, I have none. I am convinced that you are probably the best writing service on the Internet. Plus, you don’t overcharge, as so many writing services do. Thank you for the quality writing at affordable prices. You offer such a valuable service to students such as me. |
![]() |
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! |
![]() |
Mark M.
Cambridge, MA
|
|
The paper I ordered from EssaysEmpire.com is incomparable! Thanks for doing such stellar work. I have recommended your services to a few other folks who plan to try you out soon. EssaysEmpire.com gets my vote for best writing service every time. |
![]() |
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. |
![]() |
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! |