1. Mr. Bernstein What Entrepreneurs Contribute, pp 14-16 September 2017
Entrepreneurship
Mr. Bernstein
What Entrepreneurs Contribute,
pp 14-16
September 2017

2. Entrepreneurship Mr. Bernstein
Review: Economic Indicators and the Business Cycle
GDP – measurement of total productivity
Underground economy
Business Cycle and psychology
Government effect – Monetary and Fiscal policies

3. Entrepreneurship Mr. Bernstein
What Entrepreneurs Contribute
Mechanism by which the economy matches Demand with Supply
Principal source of Venture Capital
Create Jobs
Potentially change society by introducing new products

4. Entrepreneurship Mr. Bernstein
Small Businesses vs. Entrepreneurial Ventures
Not all entrepreneurial ventures remain small
Growth may be their goal
Harvest value after a period of growth