International Journal For Multidisciplinary Research

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A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

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Entrepreneurship and Innovation

Author(s) Ms. Manisha Verma, Dr. Amrita Chaurasia
Country India
Abstract The previous several decades have seen significant progress in our knowledge of the link between entrepreneurship and development and knowledge on the one hand, and the other. The relationship between entrepreneurship, innovation, and knowledge has also been analysed in more detail. However, a full understanding of the interplay between all of those variables: knowledge, innovation, entrepreneurship, and growth are still inadequate. When it comes to growth, the relationship between microeconomics and macroeconomics is still too crudely described to appreciate the whole range of these complex and conflicting dynamics. This paper's major goal is to shed light on recent developments in our understanding of the mechanisms that support knowledge production, dissemination, and commercialization via innovation, as well as the role of the "entrepreneur in the growth process". Conclusions drawn from current study results are included in this summary. The design of regulations that influence knowledge creation, ownership, entry barriers, labour mobility, and (inefficient) financial markets has substantial policy consequences. To a certain extent, each of these has implications for the effective spread of information by way of admission. Motivating processes to transform knowledge into societal beneficial demands are as important as creating new information itself.
Keywords Innovation; Entrepreneurship; Microeconomics; Macroeconomics
Published In Volume 2, Issue 4, July-August 2020
Published On 2020-07-15
Cite This Entrepreneurship and Innovation - Ms. Manisha Verma, Dr. Amrita Chaurasia - IJFMR Volume 2, Issue 4, July-August 2020. DOI 10.36948/ijfmr.2020.v02i04.3299
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