Ecuador has the world's highest share of nascent entrepreneurs per capita at about 30 percent of the population. This measure is known as total early-stage entrepreneurial activity (TEA). But, does this mean that Ecuador is more entrepreneurial than the United States, which has a TEA of only 14 percent? The answer depends on how we define “entrepreneur”.
One key global economic growth driver is the ability of an entrepreneur to bring a concept to market, adding to national income, providing new goods and services, and creating jobs. In doing so, innovative entrepreneurship contributes to the foundation of a stable and civil society. By this definition, the United States is the most entrepreneurial country in the world, according to the Global Entrepreneurship Index (GEI).
The GEI is a complex, multifaceted measure of national-level entrepreneurship ecosystems. GEI evaluates 14 components of the entrepreneurship ecosystems of 137 countries worldwide. For evaluation purposes, GEI defines entrepreneurship ecosystems as the “dynamic, institutionally embedded interaction between entrepreneurial attitudes, entrepreneurial abilities, and entrepreneurial aspirations by individuals, which drives the allocation of resources through the creation and operation of new ventures”.
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Today Starbucks is the largest coffeehouse company in the world, with 24,395 retail locations as of the first quarter of 2016, followed distantly by such coffee shop chains as Dunkin Donuts with about 10,000 restaurants, Tim Hortons with 4,300 outlets, and Costa Coffee with nearly 1,700 stores worldwide. Starbucks was founded in 1971 in Seattle, Washington, and incorporated on November 4, 1985 to become the publicly traded Starbucks Corporation. Based on the company's positive, sustained operating results, it is ranked among Forbes' top-500 world's biggest public companies. As of 2015, Starbucks' profit was $2.5 billion and it had a market...
Doing Business assesses country regulations applied to small- and medium-size enterprises across 10 major areas of doing business from the registration of new entity to the resolving insolvency. Thriving small- and medium-size enterprises are one of the major drivers behind the creation of new jobs and growth of national wealth. That is why governments should provide such enterprises with prosperous environment, i.e. the rules that guarantee low transactional costs of time and money as well as predictability of economic interaction between the stakeholders. Thus, low costs of starting a business alone does not necessarily mean efficient...
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