Entrepreneurship as a Major Driver of Wealth Creation
Issue:
Volume 10, Issue 3, September 2022
Pages:
78-82
Received:
26 July 2022
Accepted:
23 August 2022
Published:
5 September 2022
DOI:
10.11648/j.ijebo.20221003.11
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Views:
Abstract: A qualitative approach was utilized for this research studying the contribution of entrepreneurship in a total of 20 countries all over the world. Entrepreneurship is a process when a person identifies business opportunities, organize their resources, undertake, and manage risk of an enterprise to start a business. Entrepreneurship can be categorized into necessity entrepreneurship and opportunity entrepreneurship. Social entrepreneurship has both functions i.e., to make profit and to solve societal problems. Entrepreneurship promotes capital formation, creates large-scale employment opportunities, promotes balanced regional development, reduces concentration of economic power, creates, and distributes wealth, increase GNP and per capita income, improve living standard, promote country’s export trade, induces backward and forward linkages, facilitates development, create innovation, new business, and social change, leads to personal growth. Scalability is described as the company’s ability to grow without being hindered by available resources and it’s a structure when faced with increased production in both the context of business strategy and finance. There are five ways through which business can be scaled with automation: scaling financial processes, scaling customer service to improve satisfaction and service delivery, scaling lead generation in nurturing process, scaling sales processes and scaling legal operations. Entrepreneurship has a greater role in the economic development of a country. In economic development, the role of entrepreneurship varies from economy to economy depending upon industrial climate, material resources and responsiveness of the political system to the entrepreneurial function.
Abstract: A qualitative approach was utilized for this research studying the contribution of entrepreneurship in a total of 20 countries all over the world. Entrepreneurship is a process when a person identifies business opportunities, organize their resources, undertake, and manage risk of an enterprise to start a business. Entrepreneurship can be categoriz...
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Analysis of the State of Social Well-Being from the Keynesian Perspective: Its Development, Rise and Retrenchment
Marcelo Souza Santos,
Jose Ricardo Martins
Issue:
Volume 10, Issue 3, September 2022
Pages:
83-88
Received:
17 July 2022
Accepted:
29 July 2022
Published:
5 September 2022
DOI:
10.11648/j.ijebo.20221003.12
Downloads:
Views:
Abstract: The welfare state seeks to ensure economic balance and protection of individual and social rights for its citizens, without leaving the theoretical framework of capitalism. The objective of this article is to analyze the welfare state through the Keynesian model, including its development, rise and retrenchment (1930-1980). A regulatory state in the economy was proposed as a solution to the crisis of 1929 and the post-WWII reconstruction of nations. Between the 1970s and 1980s, the welfare state weakened because of another global economic crisis and other factors such as the emergence of neoliberalism. Methodologically this is a qualitative-descriptive study, based on bibliographic research, and guided by the question: what were the factors that contributed to the state to retreat from its assistance policy, mainly between the 1970s and 1980s? The results show that the economic cycle that occurred in this timeframe made possible the protagonism of neoliberalism, but not the annihilation of the welfare state. Neoliberal measures have overshadowed social interests, seen as "public expenditure of social protectionism”, and have weakened the regulation of citizenship rights and welfare services. The practice of state intervention in the economy to ensure balance in market activities, guaranteeing consumption, and thus full employment, was weakened by the neoliberal model, but not annulled. The welfare state, the version anchored in Keynesian theory, lost its hegemony after a period of the great economic ascension of the capitalism cycle between 1930 and 1980. Social problems and demands continued and were not solved by neoliberal policies with their free market policies, privatization and tax reduction.
Abstract: The welfare state seeks to ensure economic balance and protection of individual and social rights for its citizens, without leaving the theoretical framework of capitalism. The objective of this article is to analyze the welfare state through the Keynesian model, including its development, rise and retrenchment (1930-1980). A regulatory state in th...
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