What is Per Capita Income

The entrepreneurship processes is an important process in the development and mature economies. The Schumpeterian logic of the classic entrepreneurship analyses and considers an evident relation between the rates of innovation and a positive effect on economic growth. The technological progress is another factor to consider in the entrepreneurship procedure. It especially affects the business innovation process and the personal innovation process of the entrepreneur. Both innovation and technology, apparently, are not characteristics of old entrepreneurs. For this reason, in this chapter, the authors sought to contribute to the literature by explicitly connecting the age structure with innovative results as measured by technological progress.