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How does "Entrepreneurship" to private/public goods and the market system?
Solution
How does "Entrepreneurship" to private/public goods and the market system?
Though the question is not complete or clear as such it is taken to be the role of entrepreneurship
in market system.
Entrepreneurship was premitively associated with the Competitive market structure and the
provision of Private goods. Dynamic vision, capacity to develop and organise the management of
the production cycle, Acquiring and utilising the human and capital resources that define
entrepreneurship today are not only significant in a monopolistic and oligopolistic market system
but equally efficient for the Public sector enterprises.
Efficient management of scarce resources and effective channelization of capital and human
resoures founded on Cost - Benefit analysis has come to assume significance even in the
provision of public goods like transportation services, Power generation, Infrastructure
development etc. This has gained momentum with the stepping in of the private sector in the
provision of public services

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How does Entrepreneurship to privatepublic goods and the market.pdf

  • 1. How does "Entrepreneurship" to private/public goods and the market system? Solution How does "Entrepreneurship" to private/public goods and the market system? Though the question is not complete or clear as such it is taken to be the role of entrepreneurship in market system. Entrepreneurship was premitively associated with the Competitive market structure and the provision of Private goods. Dynamic vision, capacity to develop and organise the management of the production cycle, Acquiring and utilising the human and capital resources that define entrepreneurship today are not only significant in a monopolistic and oligopolistic market system but equally efficient for the Public sector enterprises. Efficient management of scarce resources and effective channelization of capital and human resoures founded on Cost - Benefit analysis has come to assume significance even in the provision of public goods like transportation services, Power generation, Infrastructure development etc. This has gained momentum with the stepping in of the private sector in the provision of public services