Question

how is entrepreneurship a infrastructure of development​

Answer 1

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➣ This infrastructure includes:

(1) institutional arrangements to legitimate, regulate, and standardize a new technology

(2) public resource endowments of basic scientific knowledge, financing mechanisms, and a pool of competent labor, as well as

(3) proprietary R&D, manufacturing, marketing, and distribution functions.

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Answer 2

This paper takes a macroperspective of entrepreneurship, and focuses on the issues and events involved in constructing an industrial infrastructure that facilitates and constrains entrepreneurship. This infrastructure includes:

(1) Institutional arrangements to legitimate, regulate, and standardize a new technology.

(2) Public resource endowments of basic scientific knowledge, financing mechanisms, and a pool of competent labor.

(3) Proprietary R&D, manufacturing, marketing, and distribution functions by private entrepreneurial firms to commercialize the innovation for profit.