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What is economics in the context of entrepreneurship?

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Entrepreneurship

Context (archaeology)

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Economics in the context of entrepreneurship encompasses resolving scarcity issues through market mechanisms, where entrepreneurs play a crucial role in equilibrating supply and demand . Entrepreneurs are key decision-makers who bear uncertainty, coordinate resources, and drive production towards socially valuable ends, contributing to economic prosperity through dynamic efficiency and creativity . Changes in economic contexts can influence entrepreneurial intentions, with economic growth impacting individuals' perceptions of support and confidence in starting a business . The judgment of entrepreneurs is shaped by the organizational, market, and institutional context, influencing their experimental processes in deploying resources to meet customer preferences profitably . This interdisciplinary relationship between economics and entrepreneurship highlights the importance of understanding economic principles in fostering entrepreneurial success and economic growth.

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Journal Article•DOI Economic Context and Entrepreneurial Intention: Analysis of Individuals’ Perceptions in a Spanish University Context Esperanza Gil-Soto, Francisco J. García-Rodríguez, Inés Ruiz-Rosa, Desiderio Gutiérrez-Taño - Show less +3 more 13 Apr 2022-Entrepreneurship Research Journal 1 Citations	Economic context in entrepreneurship refers to how changes in the economy impact entrepreneurial intentions. Positive economic outlooks can reduce entrepreneurial interest but increase confidence and social support perception.
Book Chapter•DOI Entrepreneurship Yujin Guo 09 Feb 2023	Economics in entrepreneurship involves dynamic efficiency through entrepreneurial creativity, coordination, and economic calculation to bear uncertainty, make profitable decisions, and drive increased prosperity in society.
Journal Article•DOI The context of entrepreneurial judgment: organizations, markets, and institutions Nicolai J. Foss, Peter G. Klein, Christian Bjørnskov - Show less +2 more 01 Sep 2019-Journal of Management Studies 82 Citations	Economics in entrepreneurship refers to how the organizational, market, and institutional context influences entrepreneurial judgment in deploying resources to meet customer preferences profitably under uncertainty.
Journal Article•DOI Economics of Entrepreneurship April Franco, Shannon X. Liu, Astrid Marinoni, Laura Rosendahl Huber, Sandy Yu - Show less +4 more 01 Aug 2019 6 Citations	Economics of entrepreneurship refers to analyzing entrepreneurial activities through an economic lens, exploring research opportunities and future prospects in this field.
Book Chapter•DOI Economics of entrepreneurship 01 Jan 2022	Economics in entrepreneurship involves resolving scarcity through market clearing by entrepreneurs, equilibrating supply and demand, analyzing allocation, goods, money, value, price, and market efficiency within various economic theories.

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What are the economic contributions of entrepreneurship?5 answersEntrepreneurship plays a crucial role in economic development by creating markets, organizations, employment opportunities, and fostering innovation. Entrepreneurs are instrumental in equilibrating supply and demand, promoting capital formation, increasing per capita income, and improving living standards. They bear uncertainty, coordinate resources efficiently, and drive economic growth by making sound judgements about production and market demands. Entrepreneurship contributes to sustained economic growth through increased spending, knowledge transfers, and innovation, ultimately enhancing economic development. Policy measures focusing on enhancing the quality of entrepreneurship, especially in small-scale firms, are essential for long-term economic prosperity. In essence, entrepreneurship is a driving force behind economic prosperity, creating a ripple effect of positive impacts on various aspects of the economy.

What is the meaning of economic factors in entrepreneurship?5 answersEconomic factors in entrepreneurship refer to elements such as the economic environment, financial markets, macroeconomic conditions, and personal economic security that influence entrepreneurial intentions and decisions. These factors play a crucial role in shaping individuals' aspirations to start their ventures, impacting aspects like employment, income, and opportunities for self-realization. Studies highlight that macroeconomic factors like unemployment rates, financial loans, and current account deficits significantly determine entrepreneurship in countries. Additionally, personal characteristics like income, age, gender, education level, and entrepreneurial skills also influence entrepreneurial decisions, emphasizing the importance of understanding the interplay between individual traits and the economic context for fostering innovation and entrepreneurship.

How do entrepreneurs affect the economic?5 answersEntrepreneurs play a crucial role in economic development. They contribute to economic growth by creating new businesses, increasing competition, and utilizing technology to enhance productivity. Entrepreneurship is a vehicle for job creation and stimulates sustainable economic and social progress. Entrepreneurs identify and establish profitable business ventures, which leads to an increase in per capita income and alleviates poverty. They also contribute to the growth of infrastructural facilities, such as roads, bridges, and factories, which are essential for economic development. Additionally, entrepreneurs bear uncertainty and make decisions that coordinate diverse resources to achieve dynamic efficiency and improve economic possibilities. Their creativity and coordination enhance market clearing, equilibrating supply and demand, and contribute to market efficiency. Overall, entrepreneurs have a positive and significant effect on economic growth and development.

Discuss the economic context of education?3 answersThe economic context of education is a topic that has been explored from various perspectives. One aspect is the relationship between economic growth and education, as well as the social demands arising from increased levels of education. Another aspect is the cost and benefits of education, including the salaries of teachers and the financing of educational systems. Additionally, there is a focus on the role of education in economic development, such as its impact on manpower needs and the connection between good education and economic growth. Scholars have also examined the role of education in the field of economics, with attempts to understand its importance and impact on society. Overall, the economics of education requires an interdisciplinary approach to address the complex questions and challenges it presents.

What is mortality in the context of economics?2 answersMortality in the context of economics refers to the use of mortality rates as an indicator of economic success and social inequalities. Mortality rates can provide insights into the influences that increase or reduce mortality, which often have economic causes. In Asia, rapid economic growth has been accompanied by massive urbanization and stark contrasts in living conditions, leading to changes in mortality rates. Quality of life, including access to healthcare, education, and urban living conditions, can also impact mortality rates. Additionally, studies have shown that short-term fluctuations in mortality are associated with economic fluctuations, with mortality rates increasing during economic contractions. Analyzing mortality trends during economic crises and austerity policies can provide further understanding of the relationship between economics and mortality.

Which subject is best entrepreneurship or economics?8 answers

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