Chapter 4 How Entrepreneurship Can Be Fostered in a Way That Mitigates Economic Inequality
Essential to making the case for entrepreneurship as an approach to mitigating wealth inequality is establishing the meaning of this term.1 While there is not complete agreement on a definition, there are several behavioral and cognitive characteristics generally attributed to entrepreneurs:
–They create or find opportunities to add value to the lives of customers by fulfilling a need(s) of those customers (Drucker, 1985; Christensen & Raynor, 2003; Sarasvathy, 2008).
–They innovate by assembling and organizing the financial, human, physical, and social capital required to take a product/ service to the market that needs it (Schumpeter, 1991; Terry, 1995). ...
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