ENTRENEURSHIP
ACTIVITY
1. Discuss the tangible features that it is necessary for the state to put in place to foster
innovation?
Technology – Like personal computer or any gadget that we can use to research for making new
ideas and to gathered information in innovation. Anything that can help us to virtualize our
concept for making a new product to present it in front of us like Projectors. In order for us to
easily understand the information we gathered from brainstorming for innovation of a certain
product. It’s simple but it is important.
Capital – Like funds or money that we can use to buy some raw material or equipment
that can help us to build our finish product after the result of brainstorming. We can
use for distributing salaries and other expenses in the company like rent and bills.
2. How can the state encourage entrepreneurs and businesses to invest in longer time
horizons?
When an entrepreneur or a business encourage to invest in a longer time of horizons.
- long-term investments are generally assets like stocks and real estate that you plan to keep
for a while. They provide opportunities for growth in your portfolio because you know you won’t
access the money for a significant period of time.
Your retirement is more than 20 years away.
- If you’re more than two decades out from retirement, you still have a considerable amount of
time before you stop working. And, since long-term investments like stocks need time to
potentially grow, they’re a decent asset class to build wealth over decades.
Highly Effective
- Long term investing works because it makes you focus on things that really matter. Long term
investors will look at the core fundamentals of the company such as growth prospects,
performance, management competency, etc. and not look at the day to day fluctuations in stock
prices. Over the long term, price movements tend to normalize depending on the performance
of the business. Historically, these factors are much effective to predict future returns
3. Explain Schumpeter’s view of entrepreneurial behavior and economic growth.
- Schumpeter’s theory of development assigns paramount role to the entrepreneur and
innovations introduced by him in the process of economic development. According to
Schumpeter, the process of production is marked by a combination of material and immaterial
productive forces.
ACTIVITY
1. Discuss the tangible features that it is necessary for the state to put in place to foster
innovation?
Technology – Like personal computer or any gadget that we can use to research for making new
ideas and to gathered information in innovation. Anything that can help us to virtualize our
concept for making a new product to present it in front of us like Projectors. In order for us to
easily understand the information we gathered from brainstorming for innovation of a certain
product. It’s simple but it is important.
Capital – Like funds or money that we can use to buy some raw material or equipment
that can help us to build our finish product after the result of brainstorming. We can
use for distributing salaries and other expenses in the company like rent and bills.
2. How can the state encourage entrepreneurs and businesses to invest in longer time
horizons?
When an entrepreneur or a business encourage to invest in a longer time of horizons.
- long-term investments are generally assets like stocks and real estate that you plan to keep
for a while. They provide opportunities for growth in your portfolio because you know you won’t
access the money for a significant period of time.
Your retirement is more than 20 years away.
- If you’re more than two decades out from retirement, you still have a considerable amount of
time before you stop working. And, since long-term investments like stocks need time to
potentially grow, they’re a decent asset class to build wealth over decades.
Highly Effective
- Long term investing works because it makes you focus on things that really matter. Long term
investors will look at the core fundamentals of the company such as growth prospects,
performance, management competency, etc. and not look at the day to day fluctuations in stock
prices. Over the long term, price movements tend to normalize depending on the performance
of the business. Historically, these factors are much effective to predict future returns
3. Explain Schumpeter’s view of entrepreneurial behavior and economic growth.
- Schumpeter’s theory of development assigns paramount role to the entrepreneur and
innovations introduced by him in the process of economic development. According to
Schumpeter, the process of production is marked by a combination of material and immaterial
productive forces.
