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Baumol has argued that entrepreneurship can be either productive or unproductive. [15] Unproductive entrepreneurs may pursue economic rents or crime. Societies differ significantly in how they allocate entrepreneurial activities between the two forms of entrepreneurship, depending on the 'rules of the game' such as the laws in each society.
The Western Cape Department of Economic Development and Tourism (EDAT) is the department of the Western Cape government responsible for economic policy, economic planning and economic development within the province. It is also liable for promoting and developing the provincial tourism sector.
Entrepreneurship is the creation or extraction of economic value in ways that generally entail beyond the minimal amount of risk (assumed by a traditional business), and potentially involving values besides simply economic ones.
Birch, D. (1979). The job generation process. Unpublished Report, Massachusetts Institute of Technology, prepared for the Economic Development Administration of the U.S. Department of Commerce, Washington, D.C. Birch, David. Job Creation in America, How our smallest companies put the most people to work (The Free Press, 1987). Blackford, Mansel G.
The Department of Tourism is one of the departments of the South African government. It is responsible for promoting and developing tourism, both from other countries to South Africa, and within South Africa.. The current political head of the department is the Minister of Tourism, Patricia de Lille who replaced Lindiwe Sisulu in 2023. [1]
The term entrepreneur is derived from the French word entreprendre, i.e. to undertake. The French economist Jean-Baptiste Say first coined the term in 1803 and defined an entrepreneur as an individual who "shifts economic resources out of an area of lower and into an area of higher productivity and greater yield".
Uttar Pradesh Tourism (commonly referred to as Uttar Pradesh Tourism Department or UP Tourism Department) is a state government agency which is responsible for promotion of tourism in the Indian state of Uttar Pradesh. The department is also responsible for drafting and implementation of the tourism policy, including heritage, air service, and ...
Destinations of business tourism are much more likely to be areas significantly developed for business purposes (cities, industrial regions, etc.). [1] An average business tourist is more wealthy than an average leisure tourist, and is expected to spend more money. [5] Business tourism can be divided into primary and secondary activities.