How are entrepreneurs drive innovation in a free-market system?

DWQA QuestionsCategory: QuestionsHow are entrepreneurs drive innovation in a free-market system?
Wafaa asked 11 months ago

Entrepreneurs and innovation is the base for each market success because entrepreneurs drive innovation in a free-market system by introducing huge numbers of creative ideas in the market

First of all, let me say

Entrepreneurial economics is the study of the entrepreneur and entrepreneurship within the … Coase believed that economics has become a “theory-driven” subject that has … suggesting that some belief systems do not encourage entrepreneurship. … inputs into new innovations in order to satisfy unfulfilled market demand. as wikipedia

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The innovation systems (IS) approach is the dynamic view of the innovation . no economic development and no entrepreneurs to drive innovation. … This, in one fell swoop, conflates the innovative entrepreneur with the mainstream market … In The Theory of Economic Development, Schumpeter (1912) re-introduced

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