This volume, originally published in 1995, investigates the
variation in rates of new venture inititations across manufacturing
industries. Based on Austrain and other perspectives on market
disequilibrium, the book proposes a model of new venture formation
in dynamic markets. It focuses on the environmental factors which
immpact rates of entrepreneurship in industries and argues that
more dynamic industries will contain more profit opportunities and
therefore exhibit a greater degree of entrepreneurship and new
venture creation.
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