The entrepreneur in economic dynamism: A comparative analysis proposal
The entrepreneur in economic dynamism: A comparative analysis proposal
Author(s): Anca LunguSubject(s): Economic history, Economic development, Financial Markets
Published by: Alma Mater & Universitatea »Babes Bolyai« Cluj - Facultatea de St. Economice si Gestiunea Afacerilor
Keywords: entrepreneurship; dynamic efficiency; market; economic development;
Summary/Abstract: The entrepreneurial actions that individuals take are neither an equilibrium sequence, nor a equilibrium tendency, but an entire market or discovery process. Therefore, dynamism is the result thereof. The market process per se is not bowed to a static nature, given that every individual’s decisions have an influence on the social order through action and reaction. Change is the only constant in this whole social mechanism, and individuals’ adaptability in the marks of resource allocation and result distribution leads not to an economical efficiency (which is a static concept), but a dynamic one, where entrepreneurs and their activities can be quantified through monetary calculation with the aim of gaining profit. The main objective of this article is to enhance the idea of dynamic efficiency in a space of entrepreneurial activity. Methodologically, we have used quantitative analysis techniques in order to identify the relationship between entrepreneurs and economic development.
Journal: Review of Economic Studies and Research Virgil Madgearu
- Issue Year: XIII/2020
- Issue No: 1
- Page Range: 45-60
- Page Count: 16
- Language: English
- Content File-PDF