Entrepreneurship and US Economy

ENTREPRENEURSHIP
AND US ECONOMY

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Examine characteristics and role of entrepreneurs.................................................................1
Critically evaluate entrepreneurs contribution to United States.............................................3
Critically evaluate United States contribution to entrepreneurship........................................5
Use two real world examples from well- known entrepreneurs.............................................6
CONCLUSION................................................................................................................................8
REFERENCES..............................................................................................................................10

INTRODUCTION
Entrepreneurship refers to the setting up of the business enterprise by taking the risk
related to loss and also working for the profits. It is very helpful for changing the environment in
a successful way. Entrepreneurship is very useful to bring the social change that helps in
enhancing the status of the people within Society. It is a creation of value that includes change
according to the US (Mason, 2018). Economy of US is very highly developed country that can
follow the mixed economy that also has largest purchasing power of people. Country like United
State highly supports the entrepreneurship due to this entrepreneur can face the high success and
profits. In this entrepreneur can provide the job opportunities, creativity which indirectly
supports the country and also enhance the living standards of the people. This report includes the
Jeff Bezos that operates the Amazon which is worldwide company. Jeff Bezos is an American
internet entrepreneur who is a founder of multinational technology that is Amazon. Jeff can play
a key role in the development and success of the e-commerce industry by becoming a co-founder
of the Amazon where several types of dealing can be done like books, clothing, groceries and
many more products and services. It includes the basic role and characteristics of entrepreneurs
that is helpful in enhancing their successful business within all over the world. Further it
elucidates the contribution of entrepreneurs within the economy of US so that there economy is
raises high and also impact the purchasing power of the customers in a positive way. In this
United States contribution is also includes in becoming the Jeff Bezos a best entrepreneur in the
world. Further it explains the two well known entrepreneurs that are Jeff Bezos and Bill gates
that helps in becoming a largest entrepreneurs in the world and also become ideal for many of
the person in their life (Bhachu, 2017).
MAIN BODY
Examine characteristics and role of entrepreneurs
There are several roles and key attributes of an entrepreneur that helps in becoming the
successful in their life and entrepreneurial career. It includes the role and features of the Jeff
Bezos that is one of the famous entrepreneur in the world who is very well known for the
founder of the Amazon (Mendel, 2020). It also involves the Bill Gates that is the founder of the
Microsoft and to become it successful firm will highly focus on the evaluating the roles and
characteristics. Some of their roles and characteristics can be shown below:
1

Characteristics of Jeff Bezos
 Risk taker:- The major key attributes of an entrepreneurs is that they are the high risk
takers which helps in gaining the profits within their business enterprises. For Instance-
Jeff Bezos had made up his mind to start a new business and operated the Amazon. He
had no money at that time he has only parent’s support in terms of money. He knew that
there is always failure and success in business he did not let him back down from the risk
in business. He is biggest risk taker.
 Reliable Experimentalist: - He believes in innovating in products according to the
customer’s needs and wants. That’s why he is continuously experiment with new
technology and extensively accepted online venture and Amazon has online book selling
venture (Sigala and Dolnicar, 2017).
 Highly competitive: - He is highly competitive in business world. He is more focusing
on quality of the products and services. Amazon had once targeted some competitors who
dealing with child products, they drop there price and he also successful in that strategy.
Jeff Bezos came out on top.
Characteristics of Bill Gates
 Amazing learner: - It is one of the best characteristics of entrepreneurs that help in
gaining the higher success and profits within the business enterprises. For Example- Bill
gates is an amazing learner in terms of business and personal life also. He always curious
about learning new things and about new concept and outlook.
 Big thinker :- Bill Gates is incredibly big thinker there are no one big thinkers than Bill
gates. His thinking power and thinking ability is very strong. He has very unique ideas in
terms of business productivity and growth. He was think out of the box for the company
growth. He focused each and every thing related to the business (Ahsan, 2020).
Roles of Jeff Bezos
 Allocator: - He allocates the different resources in the organization. The most important
resources are labour and work force. The businessmen are responsible for hiring an
efficient staff or work force to help in growing his business. This is important part of
business because good businessmen can take his business on heights or pull down the
business (Anggadwita and et. al., 2017).
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