ABSTRACT

Entrepreneurship plays an important role in economic growth by taking risks with a new business idea among factors of production, combining other factors of production, and also providing the opportunity to create new employment opportunities. Entrepreneurship is the process of innovation or making a difference in production in a competitive world. Although many similar definitions of the concept of entrepreneurship are made in the literature, the innovative feature of the entrepreneur has been updated for the first time by Schumpeter. In the Schumpeterian view, the entrepreneurship process constitutes one of the key factors in the economic development of a country or region.

In today's changing dynamic world, especially with technological advancements, the importance of entrepreneurship in economic development, has started to be understood in more detail by countries. Economic growth and development are one of the primary targets of countries in the current century. In this context, the position entrepreneurship in society has reached a state of great interest. Whether entrepreneurship has a positive or negative contribution to economic growth has been among the topics studied by academics in recent years. When the studies conducted are examined, it has been found that it is difficult to measure entrepreneurship in a country and different indicators are used to measure entrepreneurship. Among the most used indicators are the number of patents, the number of newly established companies and the proportion of the self-employed population. In studies investigating the role of entrepreneurship in economic development and its effects on growth, it was mentioned that entrepreneurship is an important element. Again, studies have found that entrepreneurship accelerates economic development by creating employment and welfare increases.

In order to understand the relationship between entrepreneurship and economic growth, these concepts must first be understood very well. The aim of this study is to examine the concepts of economic growth, development and entrepreneurship, and then to emphasize the role of entrepreneurship in economic developments of countries or socities. In this study, a literature review method that reveals the relationship between entrepreneurship and economic development, andİmportant factors in this relationship was followed.

Keywords: Economic Growth, Economic Development, Employment, Entrepreneurship