"Digisnare Technologies

In this view, business owners are a valuable resource who should be nurtured, incentivized, and rewarded to the fullest extent feasible. Entrepreneurs have the potential to revolutionize our daily routines. Their revolutions, if they succeed, may lead to a higher quality of living for all of us. In a nutshell, entrepreneurs generate economic growth but also improve the lives of others by fostering a more prosperous and equitable society. A region's endowment with elements favourable to the establishment of new firms is referred to as its "entrepreneurial capital," It has a beneficial effect on the region's economic output. Higher output and productivity are shown in regions with more entrepreneurial capital, while lower production and productivity are seen in areas with less entrepreneurial capital. The influence of entrepreneurship capital is more significant than the effect of knowledge capital. The evidence challenges the assumptions about venture capital's importance in the presented production function model.