FEBRUARY 28, 2013
The process by which individuals seek to organize production and distribution to meet the demands of the market. If successful, the entrepreneur earns a profit and can continue his or her search for profits. Israel Kirzner refers to entrepreneurship as a discovery process. Entrepreneurs, who are alert to profit opportunities in specific industries attempt to realize these profits.
Israel Kirzner - Competition and the Market ProcessChris Coyne - The Future of Research on Entrepreneurship
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