TY  - CHAP
AB  - Recognition of a profit opportunity requires a framework of knowledge to place information about a profit opportunity in a context where it can be recognized. The same information about a profit opportunity could be revealed to many people, yet only a few with the appropriate knowledge will be able to place this information into a context that suggests to them a profit opportunity. This paper discusses how entrepreneurs gain knowledge to enable them to be more entrepreneurial, and shows how an economy generates information about entrepreneurial opportunities. Entrepreneurship adds to an economy’s knowledge base, making it easier to recognize profit opportunities when they arise.
VL  - 6
SN  - 978-1-84950-226-9, 978-0-76231-041-8/1529-2134
DO  - 10.1016/S1529-2134(03)06011-3
UR  - https://doi.org/10.1016/S1529-2134(03)06011-3
AU  - Holcombe Randall G
ED  - Roger Koppl
ED  - Jack Birner
ED  - Peter Kurrild-Klitgaard
PY  - 2003
Y1  - 2003/01/01
TI  - INFORMATION, ENTREPRENEURSHIP, AND ECONOMIC PROGRESS
T2  - Austrian Economics and Entrepreneurial Studies
T3  - Advances in Austrian Economics
PB  - Emerald Group Publishing Limited
SP  - 173
EP  - 195
Y2  - 2024/04/26
ER  -