Geography & History Notes | KCSE, NECTA, ZIMSEC & GCSE

 HERE ARE 12 ECONOMIC FACTORS INFLUENCING THE ENTREPRENEURIAL ATTITUDES AND OPPORTUNITIES 1. Economic policy This defines the market systems established by the government, market structure and the extent to which all the firms compete under fair games rules. An open market system that leaves forces of demand and supply to control the distribution of resources allows entrepreneurship to flourish since it has more rewards for innovators. This allows opportunity identification arising from free entry into national and regional markets. 2. Administrative issues These include the procedural requirements for registration, licensing, taxes and financial reporting which may either facilitate or hinder entrepreneurial activities. Excessive number of rules and procedures discourage entrepreneurs from starting businesses, for instance, most small businesses consider paperwork as time consuming or cumbersome. 3. Infrastructure The availability of infrastructure and utilities such as good roads...

 1. Efficiency. Efficiency is defined as a technique of operation that results in achieving the objectives in an optimum and effective manner so that resources are utilized fully and without waste. A successful management develops methods that lead to efficiency. These methods change with time to bring about more efficiency. 2. Environmental changes An environment change that is relevant to management is pollution caused by industrialization and exploitation of resources. Therefore deliberate measures must be taken to improve entrepreneurial activities so that they do not cause detrimental environmental changes. 3. Social changes These are community changes that can be brought about by growth of population, change of the needs of the community and various development aspects. As a result the entrepreneur must make changes that satisfy the growing needs of the society. 4. Competition Competition includes those businesses that sell similar products or give similar services. If one kn...

  Different areas in East Africa experience varying temperatures. Some areas experience extremely hot temperatures of over 30o c. They include Northeastern Uganda , Northern Kenya , the rift valley areas, and the coastal areas. Other areas experience very low/cool temperatures especially the mountainous or highland areas such as the Kenya highlands, Kigezi highlands, Mt Kilimanjaro , Mt Rwenzori, Mt Meru , and Mt Elgon among others. Several factors influence temperature or contribute to the variations in the temperature in E.Africa and they include: Altitude It refers to the height of the land above sea level. Temperatures tend to drop as altitude increases by approximately 6.5o c for every 1000 metres of ascent/rise. Due to this lapse rate effect, highland areas like Mt Rwenzori, Kenya, and Kilimanjaro experience low temperatures while low altitude areas like the rift valley region experience hot temperatures Latitude It refers to the angular distance of an area from the e...