Someone who has the initiative to organize a venture for taking benefit of an opportunity is an entrepreneur. He is a decision maker and his decisions involve what, how, and how much of products or services will be produced.
Entrepreneurship is one of the most important fields within several key sectors such as economics, finance, management, and law. However, even today and even with the recognition of the importance of entrepreneurship as a primary driving force of the “market”, there is very little consensus about how economics incorporates entrepreneurship into its overall theoretical framework. Hence, there is no single economic theory that ...
