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When Pursuing an Entrepreneurial Dream, There Are Steps You Must

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Essay

When pursuing an entrepreneurial dream, there are steps you must take to make the dream a reality. Think of some type of business you might like to start, and write a short essay that outlines the steps you would take when planning to become a business owner. Prepare a sample business plan along with your essay.


Definitions:

Real GDP

The measure of the value of economic output adjusted for price changes (inflation or deflation).

GDP Deflator

An economic metric that converts the money-value measure of GDP from current prices to constant prices, enabling comparison of economic productivity and real growth over specific periods.

GDP Deflator

An economic metric that converts the money-value measure of GDP to an index for quantity comparison.

Nominal GDP

The total economic value of all finished products and services generated inside a country over a year, evaluated at present market prices.

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