40 likes | 124 Views
Explore how entrepreneurs contribute to the economy by creating jobs, introducing new products, and shaping society. Discover the role of venture capital in fueling growth and learn about the impact of entrepreneurial ventures on economic indicators and the business cycle.
E N D
Entrepreneurship Mr. Bernstein What Entrepreneurs Contribute, pp 14-16 February 20, 2014
EntrepreneurshipMr. Bernstein Review: Economic Indicators and the Business Cycle • GDP – measurement of total productivity • Underground economy • Business Cycle and psychology • Government effect – Monetary and Fiscal policies
EntrepreneurshipMr. Bernstein What Entrepreneurs Contribute • Mechanism by which the economy turns Demand into Supply • Principal source of Venture Capital • Create Jobs • Potentially change society by introducing new products
EntrepreneurshipMr. Bernstein Small Businesses vs. Entrepreneurial Ventures • Not all entrepreneurial ventures remain small • Growth may be their goal • Harvest value after a period of growth