The Magnitude of Relationship Between Entrepreneurship and Economic Development
Entrepreneurship makes a consequential difference in the human attire towards development .Entrepreneurship is generally described as the ability of an individual or a group of individuals to create or discover an opportunity and utilize it to the benefit of the society, which in turn will bring success to the innovators and their organization (Omoruy,2017).It also defined “ as the creation of fresh businesses a stable collection of people who coordinate their efforts to produce fresh value-added economic activity”(Dau and Cuervo- Cazurra,2014).Though Entrepreneurship has conducted a major catalyst for improving the economic growth, making the best use of resources and also creates opportunities for employment ,recently it formulates double-edged meaning as it has no significant impact in developing countries ,’’ no evidence of this has been found in the case of developing countries. Rather, in many low-income countries, one can observe productive entrepreneurship but little corresponding development’(Frederic Sautet,2011).. Entrepreneurship now also considers as a factor of production like “entrepreneurship is also more than new venture creation. If entrepreneurship is defined as a factor of production, it means that output is enhanced not only by increased quantities of labor, capital and knowledge, but also by how entrepreneurship improves the allocation of these factors throughout the economy.’’(ZOLTAN J. ACS and DAVID J STOREY,2004).The papers also give us insight about women entrepreneurs and the disparity they face
Year of publication: |
[2023]
|
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Authors: | Apurba, Zahedul Islam |
Publisher: |
[S.l.] : SSRN |
Subject: | Entrepreneurship | Entrepreneurship approach | Wirtschaftswachstum | Economic growth | Selbstständige | Self-employed | Unternehmensgründung | Business start-up | Entwicklung | Economic development | OECD-Staaten | OECD countries |
Saved in:
freely available
Extent: | 1 Online-Ressource (6 p) |
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Type of publication: | Book / Working Paper |
Language: | English |
Notes: | Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments january 18, 2019 erstellt |
Other identifiers: | 10.2139/ssrn.4514258 [DOI] |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10014352942
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