standard 14: entrepreneurship innovative entrepreneurs vs. replicative entrepreneurs

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Page 1: Standard 14: Entrepreneurship Innovative Entrepreneurs vs. Replicative Entrepreneurs
Page 2: Standard 14: Entrepreneurship Innovative Entrepreneurs vs. Replicative Entrepreneurs

Standard 14: Entrepreneurship

Page 3: Standard 14: Entrepreneurship Innovative Entrepreneurs vs. Replicative Entrepreneurs

If you were asked to name an entrepreneur, who would

come to mind?

Page 4: Standard 14: Entrepreneurship Innovative Entrepreneurs vs. Replicative Entrepreneurs

Innovative Entrepreneurs vs. Replicative Entrepreneurs

Page 5: Standard 14: Entrepreneurship Innovative Entrepreneurs vs. Replicative Entrepreneurs

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

Page 6: Standard 14: Entrepreneurship Innovative Entrepreneurs vs. Replicative Entrepreneurs

What resources did their business require?

What risks did they take?

Page 7: Standard 14: Entrepreneurship Innovative Entrepreneurs vs. Replicative Entrepreneurs

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?

Page 8: Standard 14: Entrepreneurship Innovative Entrepreneurs vs. Replicative Entrepreneurs

Grand Opening

Going Out of Business!Everything Must Go!

Entrepreneurs in the Marketplace

Page 9: Standard 14: Entrepreneurship Innovative Entrepreneurs vs. Replicative Entrepreneurs

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

Page 10: Standard 14: Entrepreneurship Innovative Entrepreneurs vs. Replicative Entrepreneurs
Page 11: Standard 14: Entrepreneurship Innovative Entrepreneurs vs. Replicative Entrepreneurs
Page 12: Standard 14: Entrepreneurship Innovative Entrepreneurs vs. Replicative Entrepreneurs
Page 13: Standard 14: Entrepreneurship Innovative Entrepreneurs vs. Replicative Entrepreneurs
Page 14: Standard 14: Entrepreneurship Innovative Entrepreneurs vs. Replicative Entrepreneurs

Explore the Concept…Innovation, Productivity and Economic Growth

Page 15: Standard 14: Entrepreneurship Innovative Entrepreneurs vs. Replicative Entrepreneurs

Modeling Economic Growth

Productivity rises as a nation• Builds its capital stock• Upgrades workers’ skills• Innovates and introduces

new technology

Page 16: Standard 14: Entrepreneurship Innovative Entrepreneurs vs. Replicative Entrepreneurs

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.