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About Chapter 1. The Role of Entrepreneurship in Economic Development
Entrepreneurship involves innovation and risk-taking to create new products, services, or ways of doing business. Economic development refers to improving living standards, while growth is the resulting increase in outputs. Development relies on both economic and non-economic factors. Theories of development include laissez-faire, which advocates for free markets, and Keynesianism, which argues the government should boost employment and demand during recessions through public works projects. Entrepreneurship and small businesses are seen as important for generating jobs and incomes for the masses in developing countries.
Detailed Information
| Author: | ['bernie john bernabe'] |
|---|---|
| Publication Year: | 2021 |
| Pages: | 22 |
| Language: | English |
| Format: | |
| Price: | FREE |
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