International Conference on Eurasian Economies
1-3 July 2014 – Skopje, MACEDONIA
Paper detail
Paper ID : 1041
Status : Paper published
Language : Turkish
Topic : Microeconomics and Entrepreneurship
Presenter: Prof. Dr. Mehmet Marangoz
Session : 5D Mikroekonomi II
The Importance and Role of Entrepreneurship in Economic Growth and Development
Ekonomik Büyüme ve Kalkınmada Girişimciliğin Önemi ve Rolü
- Prof. Dr. Asım Günal Önce (Dokuz Eylül University, Türkiye)
- Prof. Dr. Mehmet Marangoz (Muğla Sıtkı Koçman University, Türkiye)
- Ph.D. candidate Nedret Erboy (Muğla Sıtkı Koçman University, Türkiye)
Abstract
Economic growth leads to with increased prosperity with increasing of income levels of people living in a country. Economic development involves social and cultural developments in the economy along with prosperity. Entrepreneurship which is involved in factors of production, labor, capital and technology and brings them together and it takes risks and assess opportunities has an important role in economic growth and development. The basic elements of a country's economic development are individuals who have an entrepreneurial spirit. They are driving force of growth and prosperity. The impact on entrepreneurs' on economic development can be associated with their inventions / scientific research and invention through their innovations, the ability of adaptation innovations, by way of competition raise efficiency, providing employment, making business opportunities and their increasing of production and commercial activities where they are established. In the economies, entrepreneurs increase profits in terms of production volume, stimulating competition and in parallel with leads to the decline prices. In this context, the country's economic growth and development, remaining prosperity affects well-being and quality of life of individuals, their economic prosperity and their social and cultural development. In this study, the role and importance of entrepreneurship in a country's economic growth and development and socio-economic development will be examined in the context of various parameters and in terms of these parameters the relationship between entrepreneurial activity and economic growth will be highlighted.
JEL codes: M21, A11, L26
Önce, Asım Günal, Marangoz, Mehmet, Erboy, Nedret (2014). "The Importance and Role of Entrepreneurship in Economic Growth and Development" in Proceedings of International Conference of Eurasian Economies 2014, pp.862-872, Skopje, MACEDONIA.
DOI: https://doi.org/10.36880/C05.01041
