What is entrepreneurship?

Entrepreneurship is central to the American identity. But what is entrepreneurship exactly? Despite widespread interest in the topic and a broad recognition of its importance, there remains a lack of consensus about how to specifically define entrepreneurship.

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Why is entrepreneurship important?

Startups are disproportionately responsible for the innovations that drive productivity gains and economic growth, and account for virtually all net new job creation.

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Entrepreneurship in decline

After remaining remarkably consistent for decades, the number of new businesses launched in the United States peaked in 2006 and then began a precipitous decline – a decline accelerated by the Great Recession.

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The entrepreneurship policy agenda

Because of the unique role they play in our economy with regard to innovation, economic growth, and job creation – and because of their inherent fragility as new businesses – startups have unique vulnerabilities and policy needs.

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