Word: entrepreneur
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Dates: during 1950-1959
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...squares of Moscow are state employees. The peasants who peddle produce in open-market stands work for collective farms. In theory, all the service and retail trades in Russia are nationalized. But in fact, to judge by the most recent hue and cry in the Moscow press, the entrepreneur in human nature is never dead, and a moral smog hangs over Russia. In the world's most advanced socialist state, private enterprise, profiteering, and just plain payoffs seem to be bursting out all over...
...industries and local areas is perhaps more limited than its value to a national government, but an industrialist does benefit by knowing the extent to which demand for his product might be affected by economic change. Input-output analysis will not replace, and was not intended to replace the entrepreneur's vital role of seeking profits by anticipating changes in taste and technology, but it does provide throughout the economic system many useful indicators of the results of a change--large or small--in one of the sectors
...have merely talked to Clark about his business affairs. But even before the subcommittee took a hand, ABC confronted him with a significant decision: he must get rid of his outside music interests or else quit TV. The companies involved: Swan Records, Sea Lark Enterprises, January Music, Arch Music. (Entrepreneur Clark also has an interest in Drexel Productions, a TV packaging firm, and may have connections with Jamie Records, other record companies, a talent agency, a record-pressing plant, and a production company named Clarkfeld.) Faced with the ABC ultimatum, Clark decided to "divest" himself of his interests in various...
...Alps between Switzerland and Austria, to advance "the cause of peace by working for more tourism." This project, neatly combining idealism with the hope for profit, came from the teeming brain of Baron Edward von Falz-Fein, 47, a loyal Liechtensteiner of Ukrainian origin and the leading entrepreneur of Vaduz. He runs three tourist shops and the Quick Tourist agency, is the country's principal photographer, and, as founder of Liechtenstein's Olympic Committee, will personally lead three local skiers to the Winter Games at Squaw Valley next February...
...Institute of Agrarian Reform (INRA) because Castro is upset about overproduction and a drastic drop in prices. Farmers must sell their eggs at dictated prices to INRA, which will hold back part of the crop from market. Bat guano is an even more ambitious INRA undertaking, first sparked by Entrepreneur Bud Arvey (son of Chicago Democratic Bigwig Jake Arvey), who hit Cuba last spring with a plan to join the Castro government in a $500,000 partnership to scrape the guano deposits from caves in Pinar del Rio and Matanzas and ship it abroad as fertilizer. Castro decided that...