Eq The Enterprise Quotient: Enterprise - The Source Of All Wealth

The source of all wealth is enterprise. Enterprise is the activity of the entrepreneur, who starts firms and sets them running in the hope for a large financial return. These firms will be profitable from the start if the operate under increasing returns to scale, and remain profitable while they continue to operate under increasing returns to scale. The firms would cease growing soon after they hit decreasing returns to scale (caused by faults in internal management), or as Adam Smith said, they hit the limits of the market.In the first part of the book I showed that much of standard economic theory is fallacious, first in the general acceptance of the simple Supply/Demand diagram, and second the general refusal to accept the overwhelming role of increasing returns to scale, while remaining hidebound to the concept of the virtually non-existent constant returns to scale. Economic theory is not only fundamentally erroneous at a basic level, but has held back economic development and the general growth of wealth by holding these erroneous theoretical concepts.Whether or not the reader is concerned with the state of economic theory, the reader's eyes should be opened by this book describing how the reader can get rich, by being informed regarding how easy it is to create new wealth for themselves and through that, create new wealth for the community as a whole.

Author: Tim Walshaw

Publisher: Independent Publisher

Publication Date: Jun 24, 2023

Number of Pages: 161 pages

Language: English

Binding: Paperback

ISBN-10: 064876897X

ISBN-13: 9780648768975