The Economics of Entrepreneurship

My Entrepreneur is (GARY VAYNERCHUCK)

The Economics of Entrepreneurship

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For this discussion, select an entrepreneur (Gary Vaynerchuck) to evaluate. The entrepreneur (or business) can be anyone and of any size. The range of entrepreneurs can be a one-person (sole proprietor) home-based business to a multinational corporation who employs many. If you are an entrepreneur or aspiring entrepreneur, you can evaluate your own business/idea.

POST 1: Analyze an Entrepreneur (150 words)

Provide an overview your selected entrepreneur that describes the nature of the business and the good(s) and/or service(s) they produce. In your overview consider the following: target consumer, competitors, industry forecast, marketing strategy, advertising, growth, demand, and profits/loss.

POST 2: Factors of Production and Technology (2 sentence minimum per term)

Identify and define the factors of production – land, labor (human capital), and capital – of the entrepreneur you’ve selected. Additionally, identify and define the technology usage. The 5 terms to be identified and defined are: 1. Land, 2. Labor, 3. Human Capital, 4. Capital, and 5. Technology. See Discussion Guidelines.

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