Author : Dr.r.l.poonguzhali
Keyword : Entrepreneurship, economic, development, activities, productive & competition.
Subject : Economics
Article Type : Review article
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Abstract : Entrepreneurship is important to economic development. The benefits to society will be greater in economies where entrepreneurs can operate flexibly, develop their ideas, and reap the rewards. Entrepreneurs respond to high regulatory barriers by moving to more innovationfriendly countries or by turning from productive activities to non-wealth-creating activities. To attract productive entrepreneurs, governments need to cut red tape, streamline regulations, and prepare for the negative effects of layoffs in incumbent firms that fail because of the new competition.
Article by : Dr R L Poonguzhali
Article add date : 2021-08-01
How to cite : Dr.r.l.poonguzhali. (2021-August-01). Entrepreneurs and their impact on jobs and economic development. retrieved from https://www.openacessjournal.com/abstract/805