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Topic: |
Business
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Number of pages / Number of words: |
7 / 1804 |
Essay's paper body
Thus the consideration of the entrepreneur was to consider the role of the entrepreneur in the adjustment process, as they were conveyors of the market process in conditions of disequilibrium.
According to Schumpeter (1934), who is from the Austrian school, entrepreneurs are the prime movers in economic development, and their function is to innovate or carry out new combinations...
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Five types of innovation are distinguished: the introduction of a new good or an improvement in the quality of an existing good, the introduction of a new method of production, the opening of a new market in particular an export market in new territory, the conquest of a new source of supply of raw materials or half manufactured goods, and the creating of a new type of industrial organisation in particular the formation of a trust or some other type of monopoly...
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General points of the essay
Bill Gates: Entrepreneur
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What are the functions of the entrepreneur?
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