Mulungushi University School Of Business Studies Courses Offered
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Welcome and thank you for your interest in the School of Business Studies [SBS] of Mulungushi University. Curiosity and the desire for a better life are two of the most basic human instincts. A knowledge-based economy uses the satisfaction of one of these primal instincts; curiosity, to satisfy the other and longing for a better material life. So far, one and only one economic system, free enterprise, has proven able to combine these basic human motivations in a self-sustaining way
Unlike most other economic inputs, knowledge is not destroyed when it is used. This means it can be used simultaneously in many places. One piece of knowledge can improve productivity all over the economy. This increased productivity can fund more knowledge creation. This effect, often referred to as “positive feedback,” or “increasing returns to scale for knowledge,” appears to underpin the rapid growth of the Western World over the past three centuries and particularly in the current century.
