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Wealth,Market Economics and Entrepreneurship – the Case for,

Hilights


Money, Finance & Taxation,Public Arena

Summary:

Wealth was always seen as representing such tangible resources as given by nature or those grown or domesticated or extracted. Obviously such wealth was limited and sharing of such wealth was always a ‘zero-sum’ game, in which if one got more, the other got proportionately less, as such material resources were always limited.

In the past few decades a new form of wealth has begun to grow based on intangible resources such as design, digital creations, more efficient use of resources, better energy generation and manufacturing etc. Thus sort of ‘New Land’ or ‘New wealth’ seems to be unlimited in potential and hence wealth distribution is no longer a ‘zero-sum’ game. The Innovation/’Jugaad’ of the Entrepreneurs, especially the Micro and Small ventures also result in greater employment.

It is therefore essential that ‘NEW’ wealth creation should be encouraged and ways found to allow everyone to share equitably in it.

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