Entrepreneurship

Abstract

Entrepreneurship is one of the ways to create growth, well-being, and wealth in an economy. Throughout this work, the concept of entrepreneurship is analyzed, as well as the traditional and modern theories of entrepreneurship by following an economic, sociological, and psychological perspective. As a result, the following approaches are briefly examined: Economic-based Theories of Entrepreneurship (Neoclassical, New Keynesian, and Ordoliberal), Sociological and Psychological-based Theories of Entrepreneurship, and New Approaches of Entrepreneurship (The Theory of Effectuation, The Feedback Loop Theory, The Jack-of-all-Trades Theory, The Mezzanine Theory, The O-Ring Theory, The Theory of Resources and Capabilities, and The Theory of the Optimal Triangle).