FUNDACION UNIVERSIDAD AUTONOMA DE COLOMBIA

READER PLAN “ENTREPRENEURSHIP AS A SOCIAL AND ECONOMIC PHENOMENON”

ISSUE: QUIZAUGUST26MATEUSANDRES

NAME Andres Felipe Matéus Fajardo DATE AUGUST 26 /2020

I. ANSWER THE FOLLOWING QUESTIONS ACCORDING TO THE ARTICLE. DO NOT

TRANSCRIPT, USE YOUR OWN WORDS (S+V+C)

1. What do entrepreneurs create?

Entrepreneurs create companies and jobs; they participate in the renewal of the economic
fabric.

2. What does Schumpeter say about entrepreneurs?

Schumpeter says about the entrepreneurs that are innovator who bring “creative destruction”.

3. Which are the different types of venture creation?

The different types of venture creation are: Ex nihilo creation, Company Takeover, company
Reactivation, among others

4. What is the principal economic sector of SME?

The main sector of SME is the commercial sector, this belongs to the tertiary sector of the
economy, which includes activities of buying and selling of goods and/or services, a sector which
varies in the production levels

II.READ THE STATEMENTS; ARE THEY TRUE OR FALSE?

 GELINIER HIGHLIGHTS THAT ENTREPRENEURSHIP REPRESENTS A TRUE ENGINE OF

DEVELOPMENT_______TRUE______
 THE MOST COMPANIES ARE CREATED IN THE INDUSTRIAL SECTOR____FALSE___
 NOWADAYS PEOPLE ARE BECOMING ENTREPRENEURS WHO MAKE BUSINESSES
SKILLFULLY_____TRUE_____
 COMPANY TAKEOVER IS CONSIDERED A NEW VENTURE CRATION___TRUE__

III.PARAPHRASE THE FOLLOWING STATEMENTS. CHANGE THE UNDERLINED WORDS

1. MY MAIN AIM IS TO DEMONSTRATE THE LINK BETWEEN ENTREPRENEURSHIP AND

ECONOMIC DEVELOPMENT

My principal objective is to demonstrate the link between Entrepreneurship and Economic

Development

2. THE MAJORITY OF COMPANIES ARE CREATED IN THE COMMERCIAL SECTOR

The trade is the economic activity with the highest concentration in the sector