Entrepreneurship and Innovation: An Economic Approach - An Economic Approach (Hardcover)

The book provides in-depth discussion of several critical concepts: the economic development of a product; Schumpeter's "temporary monopoly control"; the economic bounds of product and process innovations; and changing production functions. It also develops and integrates an analysis of how innovation-induced modifications in either products or processes affect both short-ran and long-ran average costs in production. As a special feature, each chapter includes an interview with a successful entrepreneur, and suggested readings are also provided.

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