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Those people nations saw an increase in the quantity of entrepreneurship, starting from the seventies, which reversed the previous pattern of Those people economies which was in direction of larger companies and less self-work as employees tried to get high-having to pay managerial Positions with massive corporations.
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Entrepreneurship can be a wide phrase that encompasses lots of definitions. The definition provided by Howard Stevenson of Harvard Business enterprise Faculty defines entrepreneurship since the “pursuit of prospect over and above methods controlled," which suggests some creativity within the approach to making improvements.