Standard 14: Entrepreneurship Innovative Entrepreneurs vs. Replicative Entrepreneurs.

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Presentation transcript:

Standard 14: Entrepreneurship

Innovative Entrepreneurs vs. Replicative Entrepreneurs

What resources are used to produce a meal in your favorite restaurant?

What resources did their business require? What risks did they take?

What would happen to an entrepreneur who does not have access to credit? How can entrepreneurs acquire the financial capital to buy the resources needed for their businesses?

Going Out of Business! Everything Must Go! Entrepreneurs in the Marketplace

An Entrepreneurial Society Tax policies Government services and public goods Regulation Property rights

Explore the Concept… Innovation, Productivity and Economic Growth

Modeling Economic Growth Productivity rises as a nation Builds its capital stock Upgrades workers’ skills Innovates and introduces new technology

Questions? The views expressed are solely those of the presenter and do not reflect those of the Federal Reserve System or the Federal Reserve Bank of Dallas.