Entrepreneurship By: zib 'A Balanced Economic State' Two main economic systems have been developed since the Industrial Revolution, these are Capitalism and Socialism. Both systems have advantages and disadvantages, this essay will explain these, and also give my proposals for a mixed system for the whole society of the United Kingdom. Capitalism Capitalism generally started as an economic system in the United Kingdom at the time of the Industrial Revolution. The basic explanation of Capitalism …showed first 75 words of 3908 total…

…showed last 75 words of 3908 total…supplier for years to come. Starting a new business is very risky. There are many factors to be considered and every aspect must be thoroughly thought out. By answering the three basic economic questions, making a successful business plan, and taking care of all the basic office operations, anyone can be successful in the world of entrepreneurship. There is virtually no limit to how lucrative a company may be when given a chance. ------------------------------------------------------------------------ **Bibliography**