TEST 1 Flashcards
The competency that involves the entrepreneur’s ability to persist and persevere in pursuing business success
Business competencies
The theory proposed by John Maynard Keynes about the government’s role in economic development.
Keynesian theory
The economist who described entrepreneurs as a “force of creative destruction.”
Joseph schumpeter
The type of innovation that involves changes in organizational strategies and practices.
Organizational innovation
The term used to describe the process of creating new or improved products or services to meet consumer demands.
Market research
The theory that advocates for minimal government intervention in economic activities allowing the market to self-regulate.
Laissez-faire
The term that refers to the entrepreneur’s ability to convert ideas into concrete business ventures.
Innovative entrepreneurs
The initiative that denotes the promotion of gender equality and the provision of equal opportunities for all genders.
Gender equality
The key driver of economic development according to David Ricardo’s theory.
Land
The term for the right over an intellectual property that is protected through a legal process.
Copyright
