Entrepreneur and entrepreneurship within the economy is involved in the study of entrepreneurial economics. The relation between two subjects are explained in this way, that entrepreneur and entrepreneurship should be highlighted in any effort to explain long-term economic development, where institutional environment motivates free entrepreneurship as a determinant of economic growth.
Entrepreneurial Economics: Bright Ideas from the Dismal Science By Alexander Tabarrok (published by Oxford University Press, 2002)
Entrepreneurial Strategies and Policies for Economic Growth By Moreno Muffatto, Paolo Giacon (published by libreriauniversitaria.it ed., 2012)
The variant concepts and theories pronounced by different researcher that the development of entrepreneurship is highly depended on the societal factor like economy, sociology, religious, cultural, and psychological variables. A research group assumes that the inputs and outputs are homogenous, and the knowledge of open possibilities is known by producer, consumers and resources owners.
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