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Unformatted text preview: technologic entrepreneurs. Niger is teaching its farmers entrepreneurial skills to increase their independence. Peru and the World Bank are developing entrepreneurial capacity in within the countrys people. 5. Outsourcing is using outside firms to perform tasks that could be performed internally. Outsourcing has enabled many entrepreneurs to start and maintain their businesses at a lower cost, therefore increasing their profits. 6. Market space defines the techniques, machines, and processes that allow buyers and sellers to transact business electronically. Market space gives entrepreneurs the opportunity to move into a new industry at its embryonic stage so they can grow their business along with the industry. Also, handling business electronically is usually cheaper than the traditional means....
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- Fall '11