It once took two decades to replace one-third of the Fortune 500; now a subset of new firms are challenging and displacing this elite group at a breathtaking rate, while armies of startups come and go within just a few years. Most new jobs are, in fact, coming from small firms, reversing the trend of a century. David Audretsch takes a close look at the U.S. economy in motion, providing a detailed and systematic investigation of the dynamic process by which industries and firms enter into markets, either grow and survive, or disappear. He shapes a clear understanding of the role that small, entrepreneurial firms play in this evolutionary process and in the asymmetric size distribution of firms in the typical industry.
- ISBN10 0585132976
- ISBN13 9780585132976
- Publish Date December 1995 (first published 27 March 1995)
- Publish Status Active
- Publish Country GB
- Imprint MIT Press Ltd
- Format eBook
- Language English