Entrepreneurship and Economic Growth

Aufsätze in Sammelwerken 2015

Alexander S. Kritikos

In: James D. Wright (Ed.) , International Encyclopedia of the Social and Behavioral Sciences
Amsterdam: Elsevier
S. 675-680

Abstract

Entrepreneurs, creators of new firms, benefit economies in several ways through innovative activities, new job creation, increased productivity and competition, or because they accelerate structural change. Without new entrepreneurs and the businesses they create, economies may stagnate. Therefore, new business formation by entrepreneurs is regarded as one source of innovation and economic growth.

Alexander S. Kritikos

Member of the Executive Board Executive Board



Keywords: Competition, Creative destruction, Economic growth, Entrepreneurial personality, Entrepreneurship, Firm creation, Innovation, Job creation, Productivity, Risk, Self-employment, Uncertainty
DOI:
http://dx.doi.org/10.1016/B978-0-08-097086-8.94004-2

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