Entrepreneurship and Economic Growth
Explore the world of entrepreneurship, from innovative to replicative approaches, resource management, risks, financial acquisition, and societal impact. Learn how entrepreneurs drive economic growth through innovation, productivity, and workforce development. Discover the vital components of an entrepreneurial society, including tax policies, government services, regulation, and property rights.
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Presentation Transcript
Standard 14: Entrepreneurship
If you were asked to name an entrepreneur, who would come to mind?
Innovative Entrepreneurs vs. Replicative Entrepreneurs
What resources are used to produce a meal in your favorite restaurant?
What resources did their business require? What risks did they take?
How can entrepreneurs acquire the financial capital to buy the resources needed for their businesses? What would happen to an entrepreneur who does not have access to credit?
Grand Grand Opening Opening Going Out of Business! Everything Must Go! Entrepreneurs in the Marketplace
An Entrepreneurial Society Tax policies Government services and public goods Regulation Property rights
Explore the Concept Innovation, Productivity and Economic Growth
Modeling Economic Growth Productivity rises as a nation Builds its capital stock Upgrades workers skills Innovates and introduces new technology
Questions? The views expressed are solely those of the presenter and do not reflect those of the Federal Reserve System or the Federal Reserve Bank of Dallas.
