Ticket 1 Enterprises (firms) field of activity and its main characteristics

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1.Authorized capital of enterprises (firms).
The authorised capital of a company sometimes referred to as the authorised share capital, registered capital or nominal capital, particularly in the United States) is the maximum amount of share capital that the company is authorised by its constitutional documents to issue (allocate) to shareholders. Part of the authorised capital can (and frequently does) remain unissued. The authorised capital can be changed with shareholders' approval. The part of the authorised capital which has been issued to shareholders is referred to as the issued share capital of the company.
The device of the authorised capital is used to limit or control the ability of the directors to issue or allot new shares, which may have consequences in the control of a company or otherwise alter the balance of control between shareholders. Such an issue of shares to new shareholders may also shift the profit distribution balance, for example if new shares are issued at face value and not at market value.The authorised share capital doesn’t have any monetary impact on the company until it’s issued. Therefore, it doesn’t need to be recorded in the company’s bookkeeping.
However, the issued and paid-up share capital needs to be accounted for in the company’s books. This is because the selling of shares has had an immediate monetary impact on the company finances: the company has received money.The authorised share capital of a company is only reported on the balance sheet for information purposes. It isn’t considered in the totalling of the balance sheet. The issued and paid-up share capital, however, is accounted for on the company’s balance sheet and is considered in its totalling.
2.Enterprises as the main link of the economy.
In entrepreneurship, unutilized resources, labor, and capital are utilized most efficiently. Entrepreneurs take on risks in the hopes of making profit, or in the case of social entrepreneurship, of solving a problem facing communities. So the significance of entrepreneurs and the role of entrepreneurship go beyond the business world. The importance of entrepreneurship is so broad that it’s quite tough to explain all the aspects of it in a short blog post. However, I would like to shed some light on the importance and role of entrepreneurship in economic development and society.
Entrepreneurs are important to market economies because they can act as the wheels of the economic growth of the country.By creating new products and services, they stimulate new employment, which ultimately results in the acceleration of economic development. So public policy that encourages and supports entrepreneurship should be considered important for economic growth. A large number of new jobs and opportunities are created by entrepreneurship. Entrepreneurship creates a huge amount of entry-level jobs that are very much important to turn unskilled jobholders into skilled ones. It also prepares and provides experienced workers to large industries.
Through the right practices of research and development, entrepreneurs bring new innovation that opens the door of new ventures, markets, products, and technology. Entrepreneurs have a role to play in solving problems that existing products and technology have not yet solved. So by producing new products and services or bringing innovation to existing products and services, entrepreneurship has the potential to improve peoples’ lives.