Significant increases in the national debt, with no relief or plans to deal with the problem, and its effect on the economy An increase in national budget, with no relief or plans to deal with the problem, will result in a deficit, or more spending with less national input. Repercussions for a budget deficit can mean more borrowings for the national government from the private sector, such as the selling of bonds or gilts to the private sector. The debate over the budget deficit has two opposing views. The first one is that the deficit is destructive to the ...
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Introduction
The local economic context is being reshaped by the insertion of local economics into the globalization of network toward production and consumption. Currently the entrepreneurs are becoming more aggressive catalysts for change in the business world. They are regarded as the individuals who see the opportunity where others see confusion contradiction or chaos. Entrepreneurs are perhaps compared to the Olympic athletes who challenge themselves to break the barrier to the long distance runners or as symphony orchestra conductors balancing different sounds and skills into a cohesive output (Boyles, 2012). However, the essential ingredients of a good entrepreneur include the ...
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