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Small and young businesses are essential for job creation, innovation, and economic growth. Even most of the superstar firms start their business life small and then grow over time. Small firms have less internal resources, which makes them more fragile and sensitive to macroeconomic conditions....
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William J. Baumol is the 2003 winner of the International Award for Entrepreneurship and Small Business Research …. Throughout his career Baumol has urged the profession to pay attention to the instrumental role of entrepreneurship in economic … analysis is extended to entrepreneurship. Hence, Baumol can be characterized as a revolutionary from within. In this article we …
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