Entrepreneurship and entrepreneurship in Turkey`s economic development process

Many definitions of entrepreneurship can be found in the literature describing business processes. The earliest definition of entrepreneurship, dating from the eighteenth century, used it as an economic term describing the process of bearing the risk of buying at certain prices and selling at uncertain prices. Early this century, the concept of innovation and creativity were added to the definition of entrepreneurship. Thus innovation is the main characteristic of entrepreneurship and creativity is core of entrepreneur activities. Recently, the globalization of economy is growing faster and requires businesses to produce a high competitive product. And entrepreneurs, who are basically small businesses, have large potential to produce competitive products. 1980s stagflation and high unemployment in world economy caused reevaluation of the role of small firms a renewed attention for entrepreneurship. Entrepreneurship is one of the most important factors in economic development. Understanding the role of entrepreneurship in the process of developed countries economic growth is important for developing countries. General national conditions and national entrepreneurial conditions of developed countries must be examined to understand the process of entrepreneurial economic growth process. Examination of the developed countries' financial institutions, legal framework, level of education and training, physical infrastructure and the role of government is important to establish an entrepreneurial economic growth process in Turkey. Key Words: Entrepreneurship, Small and Medium Sized Enterprises, Economic Development, Economic Growth