America is known as the land of entrepreneurship. There are many entrepreneurs in the diverse fields of automobiles, retail, software, and medicine, who have driven the US economy, right from the 1970s to date. During the era of industrial revolution, people started taking up entrepreneurship as a necessity, due to the lack of jobs, but as the economy developed, it was opportunity-based entrepreneurship, that came to the fore. In fact, during the time of recession in the US in 2008-09, there was a palpable increase in the number of people setting up their own businesses or becoming self-employed.
This perception was vindicated by a recent report of Ewing Marion Kauffman Foundation, which stated that, rather than making history for its deep recession and record unemployment, 2009 might instead be remembered as the year business startups reached their highest level in 14 years - even exceeding the number of startups during the peak 1999-2000 technology boom. Therefore, it is necessary to support entrepreneurial activities, as they contribute to the increase in the number of jobs, industrial competitiveness and overall output, which in turn increases the GDP (Gross Domestic Product) of a nation. It is the result of the contributions of various entrepreneurs that have made the US a global giant and a superpower. Hence, we throw some light on the lives of the best entrepreneurs who have exemplified the statement, The World is Here.
A survey conducted in the US reveals that the entrepreneurs are an educated group of people. Almost 95% of them hold bachelor's degree, while 47% of the entrepreneurs have more advanced degrees!
Internet collection.
