Schumpeter - Study guides, Revision notes & Summaries

Mercantilists - Answer-Those who believe in the benefits of profitable trade or commercialism. Originates from economic theory that trade generates wealth and it is stimulated by the accumulation of profitable balances, which a government should encourage by means of protectionism Colbert - Answer-Advocated strong government intervention in the economy, saved France from depression by balancing trade Physiocrats - Answer-developed in the 18th century by French enlightenment economists who ...

capitalist economy - In economist-speak, an entrepreneur acts as a coordinating agent in a ______. Entrepreneurship - is the process of discovering new ways of combining resources. entreprendre - The word "entrepreneur" originates from a thirteenth-century French verb, ______ , meaning "to do something" or "to undertake." entrepreneur - was being used to refer to someone who undertakes a business venture. must deal with a larger number of obstacles and fears than hourly or sa...

lOMoARcPSD| Sold on {site_name}. This summary has been sold to {first_name} {last_name} with email {email}. Any resale/distribution strictly prohibited. Report unauthorized use to for a reward. 1 Downloaded by Dirike van Niekerk () Entrepreneurship & Innovation Management 214 Chapter 1: The Nature and Development of Entrepreneurship Entrepreneurs are the core and essence of any economy. Economic development can be directly attributed to the level of entrepreneurial activity, and ent...

Chapter 1: The Nature and Development of Entrepreneurship Entrepreneurs are the core and essence of any economy. Economic development can be directly attributed to the level of entrepreneurial activity, and entrepreneurial business ensure growth in the economy. Examples of some successful South African entrepreneurs include Ernest Oppenheimer, Pam Golding, Elon Musk and Sol Kerzner. Most entrepreneurial activity takes place in small, medium and micro enterprises (SMME’s), which for...

A-level ECONOMICS Paper 3 Economic Principles and Issues Insert DO NOT WRITE ANY ANSWERS IN THIS INSERT. YOU MUST ANSWER THE QUESTIONS IN THE ANSWER BOOKLET PROVIDED. Regional inequality in the UK Questions 31 to 33 • Extract A: The regional problem • Extract B: Selected economic indicators for the North East (NE) and South East (SE) regions of the United Kingdom (UK) • Extract C: The ‘levelling up’ agenda • Extract D: Is regional policy destined to fail? ...

Chapter 03 Types and Patterns of Innovation True / False Questions 1. The path a technology follows through time is termed as technology trajectory. True False 2. Product innovations are more important than process innovations to organizations because they are less visible than process innovations. True False 3. An innovation can be competence enhancing to one firm, while competence destroying for another. True False 4. A modular innovation signific...

The Cycle Innovation breaks through the defenses of an established industry and becomes the basis of an insurgent industry; Open systems become closed then turn into monopolies before a disruptor comes and changes things Creative Destruction Innovation and growth are one in the same. New only rarely supplements the old-->usually destroys it Sustaining Innovation Improvements that make a product better but don't threaten market or dominant players Disruptive Innovation...

Which act of innovation is seen in the Tesla case? - ANSWER-According to Schumpeter, CEO of Tesla, Elon Musk, is an example of an entrepreneur as he introduces a new way of production of the e-car by leveraging changing technology with more focus on simplicity, thus creating a potential lock-in effect on the battery and thereby a first-mover advantage. By with generic strategy did Tesla enter the e-car industry? - ANSWER-Tesla was entering the car industry with differentiation by entering the...

Entrepreneurship-and-InnovationManagement-214-Complete LATEST UPDATES 2023 A GRADE. lOMoARcPSD| Sold on {site_name}. This summary has been sold to {first_name} {last_name} with email {email}. Any resale/distribution strictly prohibited. Report unauthorized use to for a reward. 1 Downloaded by Dirike van Niekerk () Entrepreneurship & Innovation Management 214 Chapter 1: The Nature and Development of Entrepreneurship Entrepreneurs are the core and essence of any economy. Econ...