System of Entrepreneurship

The topic is much discussed in both books and magazines. Go to Amazon.com, for instance, and type in the word "entrepreneurship" and 1,884 titles come up. Make the same request of the Library of Congress, and more than 23,900 books and magazine articles come up and that's just in English! And each of these books has seemingly different views on what an entrepreneur is.

Streissler (1990) quoting earlier authorities tells us that in the conditions of a free enterprise system, if the selling price of a product exceeds the cost of the productive services for certain firms and a profit results,

entrepreneurs will flow towards this branch of production or expand their output, so that the quantity of the product [on the market] will increase, price will fall, and the difference between price and cost will be reduced; and, if [on the contrary], the cost of the productive services exceeds the selling price for certain firms, so that a loss results, entrepreneurs will leave this branch of production or curtail their output, so that the quantity of the product [on

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d. This suggests that becoming an entrepreneur is rarely a person's first occupation because people need to build the skills and abilities. Other researchers suggest that people tend to start organizations when they are between the ages of 25 and 44, because these are the ages at which they are in the work force, can accept the risk of failure and are in situations in which they can perceive and take advantage of market opportunities. Can people, then be taught to be an entrepreneur? Aronson (1991) refers us to many researchers who have shown that education is positively associated with the tendency to be an entrepreneur, "possibly because the entrepreneur may find a higher rate of return on his or her educational investment when self-employed than could be obtained as an employee" (Aronson, 1991, p. 7). Evans and Leighton (1987) studied education and entrepreneurship and found that education plays a stronger factor in starting a business in women than in men. Other scholars have also found that educated people are more likely than uneducated people to start businesses (Reynolds, 1991). The idea of competition and cooperation may play a role in entrepreneurship. Lado, Boyd, & Hanlon argue some synergies of scholarship ma
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Some common words found in the essay are:
Reuber Fischer, Library Congress, Lumpkin Dess, Boyd Hanlon, Evans Leighton, Michael Milken, , Steve Wozniak, Stuart Abetti, Hanlon SC, market economy, pure market, pure market economy, lumpkin dess, schumpeter 1911, fischer 1999, chaos theory, competition cooperation, dess 1996, cambridge ma, xn+1 =, lumpkin dess 1996, equation xn+1 =, reuber fischer 1999, fischer 1999 112,
Approximate Word count = 2348
Approximate Pages = 9 (250 words per page)

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