The “typical person” may be just as likely to start her own business as I am, but economists believe that it is more likely that the typical person who starts her own business will have more interest in making money than the typical person who just stops working.
the intention of building a business that generates at least a quarter of her income. So, it is reasonable to assume that the typical person who starts a business would want to build a business that generates at least a quarter of her income.
She wants to make a difference in the world.This is a little bit of a stretch. Some economists, like the late economist Robert Solow, have argued that the typical person is likely not to have the time or resources to start a business. Rather, she’s likely to want to create a business for the purpose of making a difference. The goal of this particular business is not to make a profit, although there’s no harm in making lots of money. Rather, it’s to make a difference in the world.
She wants to make a difference in the world.This is a little bit of a stretch. Some economists, like the late economist Robert Solow, have argued that the typical person is likely not to have the time or resources to start a business. Rather, she’s likely to want to create a business for the purpose of making a difference. The goal of this particular business is not to make a profit, although there’s no harm in making lots of money. Rather, it’s to make a difference in the world.It is important to note that this isn’t just a vague idea. The late Solow, who was a well-respected economist at MIT, often used this concept in his work. In his book, The Theory of Economic Growth, he argued that a person is unlikely to start a new job and just hope for the best. Rather, he argued that this person should try to make a real difference in the world.
She wants to make a difference in the world.This is a little bit of a stretch. Some economists, like the late economist Robert Solow, have argued that the typical person is likely not to have the time or resources to start a business. Rather, she’s likely to want to create a business for the purpose of making a difference. The goal of this particular business is not to make a profit, although there’s no harm in making lots of money. Rather, it’s to make a difference in the world.It is important to note that this isn’t just a vague idea. The late Solow, who was a well-respected economist at MIT, often used this concept in his work. In his book, The Theory of Economic Growth, he argued that a person is unlikely to start a new job and just hope for the best. Rather, he argued that this person should try to make a real difference in the world.This is basically the same approach that a lot of economists advocate in their work and that economists themselves have been using for hundreds of years. The idea is to get people to make their own decisions and help people to achieve things that they never thought possible.
