Entrepreneurship

Purposeful Innovation and the Various Sources for Innovative Opportunity

Entrepreneurs innovate. Innovation is the specific instrument of entrepreneurship. It is the act that grants resources with a new capacity to create wealth. Innovation, truly, creates a resource. There is no such thing as a “resource” until man finds a use for something in nature and thus endows it with a specific economic value.

The same holds just as true in the social and economic spheres too. There is no greater resource in an economy than “purchasing power.” Purchasing power is the creation of an innovating entrepreneur.