Measurable in most countries and easily available However Not all entrepreneurs

Measurable in most countries and easily available

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Measurable in most countries and easily available However, Not all entrepreneurs run small firms, and not every small firm is run by an entrepreneur (Holtz-Eakin,2000) The total stock of SMEs also includes numerous part-time and ‘hobby’ businesses that are not truly entrepreneurial in the sense of being innovative, growth- or profit-driven.
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Measurement- Self-employment Reflects that entrepreneurship is a risk-taking activity. Data on self-employment is reported in the (US)Current Population Survey - monthly survey by the Bureau of Labor Statistics; (Canada) Current Labour Survey- monthly survey by the Statistics Canada Both unincorporated and incorporated business. Reflects the widest range of entrepreneurs.
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Measurement- Self-employment Drawbacks: 1. Many professionals such as lawyer and doctors are self-employed; 2. Countries classify self-employment differently; 3. Does not count nascent entrepreneurs (in the stage of planning a business).
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Measurement – Business Ownership In both US and Canada, Annual data on Non-employer businesses – has no other worker other than the owner(s) and, Employer businesses – employ at least one paid worker other than the owner(s) are reported, and entry and exit data of employer businesses were often reported too.
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Measurement - others Billionaires– high-impact entrepreneurs, only focuses on success Habitual entrepreneurs– 1.Serial entrepreneurs, who runs several businesses in sequence. 2. Portfolio entrepreneurs, operate several businesses in parallel,
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Reference SCHUMPETER, J.A . 1942. Capitalism, Socialism and Democracy, 3rd edition, London: George Allen and Unwin, 1976 Knight, Frank H. 1921 Risk, Uncertainty, and Profit. Boston: Houghton Mifflin, Kirzner, I . 1973. Competition and Entrepreneurship, Chicago, IL: University of Chicago Press Parker, Simon C.. 2018 The Economics of Entrepreneurship, Cambridge University Press. Kindle Edition.
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