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The place and role of enterpreneurshio as a social phenomenon in a market environment

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  • Vasyl Bytov
  • Liudmyla Horbach

Abstract

The publication examines the role and significance of entrepreneurship for the current state of the Ukrainian economy, which enables business entities to form independent, initiative activities in the production of goods and provision of services in order to profit. The article deals with the development of the theory of entrepreneurship, as well as the main motives of entrepreneurial activity. This publication highlights the main areas of entrepreneurial activity, which involves making innovations using own funds, as well as autonomy in decision making and risk. Considered also depending on the content of the activities of the business. Some mechanisms are proposed concerning the possibility of effective development of entrepreneurship, as an extremely important component of market development

Suggested Citation

  • Vasyl Bytov & Liudmyla Horbach, 2019. "The place and role of enterpreneurshio as a social phenomenon in a market environment," E-Forum Working Papers, Economic Forum, vol. 9(3), pages 14-19, November.
    • Handle: RePEc:cuc:eforum:v:9:y:2019:i:3:p:14-19
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