Summary: The Concept Of Entrepreneurship

David Coggins Assignment

Entrepreneurship is not only positive but beneficial and necessary for a healthy economy and helping to produce a sustainable economy.

Structure of Essay

Defining Entrepreneurship - Definition , history and theory behind it. DONE economic development and healthy economy - displaying of physical evidence of entrepreneurship working. - sustaining prosperity subventions - incentive programs.

Entrepreneurship,

. Measuring Entrepreneurship

GEM report……

Entrepreneurship in Ireland third level education incentive program mentoring etc.

This main objective of this paper is to determine how entrepreneurship in not only positive, but beneficial and necessary for a healthy economy, helping to produce and

The earliest definition of Entrepreneurship dating back as the eighteenth century can be defined as used it as an economic term describing "the process of bearing the risk of buying at certain prices and selling at uncertain prices" ( Richard Cantillon 1800). Many people assume Entrepreneurship is about starting up a new business when in reality it is so much more.

The term Entrepreneur, which most people recognize as meaning "someone who organizes and assumes the risk of a business in return for the profits" was originally created by Richard Cantillon (1697-1734), an Irish economist of French descent.

Early in the 20th century Schumpeter (1965) put forward the theory the Entrepreneur is a "creative force driving economic development". The Entrepreneur generates an idea implements these ideas and sweeps away the older economic order creating a new set of beneficial changes. This concept seems standard in the 21st century but Schumpeter was the economist to propose this theory. He also originated the creative destruction. By this he meant that economic creation and economic destruction were two sides of the same

Storey and Zoltan J. ACS first issued a paper regional studies (1984) which identified the linkages in between entrepreneurism and economic development based on three components. The first factor involves was stating the importance small companies play in job creation. The second factor highlighted the low number and wide variations of jobs in many of the small companies, despite the emerging “enterprise culture”. This means that rates of new business in areas is increasing and business that are being creating area benefit economically Simply put, this suggests that increasing rates of new businesses in areas that have low new businesses creates benefits economically for that area. The Third factor identified was the fact that the distribution of enterprise was un evenly