Liebenstein's Theory of Entrepreneurship

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Liebenstein's Theory of Entrepreneurship is as follows:-

Harvey Leibenstein (1922-1994) considers entrepreneurship as happy fillers.The three traits of entrepreneurship include:-

*} Recognizing market trends
*} Develop new goods or process in demands but not in supply
*} Determining profitable activities

Entrepreneurs have the special ability to connect diff markets and make up for the failures and deficiencies.
 
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