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wrote...
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2 months ago
Write a short note on political entrepreneurs.
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Business and Its Environment
Edition: 7th
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2 months ago
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In entrepreneurial politics, benefits from the alternative are widely distributed, whereas the harm from the alternative is concentrated. This favors the status quo, and for the alternative to be adopted a political entrepreneur is needed to mobilize the interests with widely distributed benefits. In such situations, those bearing the harm have a stronger incentive to take nonmarket action than do the beneficiaries. Since an alternative is to be adopted over the status quo, an entrepreneur is needed to mobilize or represent those with widely distributed benefits. A member of Congress, an activist, or a business leader can be a nonmarket entrepreneur.
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