Entrepreneurship
Entrepreneurship is the cornerstone of the production process. The entrepreneur initiates the production process by merging the optimal intersection of traditional production factors with the risk appetite. In order to obtain competition and productivity; the economic environment should be available for the potential entrepreneur and many entrepreneurs need to be able to enter the market and exit from it easily. Entrepreneur competitiveness and the pursuit for innovation, by means of providing optimal production intersection, appear before us as the most important elements determining the Total Factor Productivity.
