Research on the Impact of Successful Entrepreneurs on Social Equity and Efficiency: Based on the Discussion of Consumption and Wealth Creation Processes

In recent years, the economic downturn and the impact of the COVID-19 pandemic have widened social inequality, deepened government debt, and caused unrest, which is not conducive to the balance between social equity and efficiency and is not conducive to society's long-term stability. Successful businessmen are often considered essential in driving technological innovation and stimulating economic and social development. This paper delves into whether successful businessmen in the consumption and wealth creation process can contribute to economic recovery, restore market confidence, promote technological innovation, and stimulate employment and economic growth. The analysis shows that both the entrepreneurial activities and consumption of successful entrepreneurs can benefit society, and society should recognize the achievements of successful entrepreneurs and not demonize money. Finally, this paper also provides policy recommendations for the government to report on the cases of successful entrepreneurs, encourage businessmen to invest, and adopt measures for equitable development.

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Publication Details

Journal
Advances in Economics and Management Research
Published
2024-10-26
DOI
https://doi.org/10.56028/aemr.12.1.304.2024
Primary Topic
Entrepreneurship Studies and Influences
Type
article
Field-Weighted Citation Impact
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article

Research on the Impact of Successful Entrepreneurs on Social Equity and Efficiency: Based on the Discussion of Consumption and Wealth Creation Processes

R. Yang
Advances in Economics and Management Research
Entrepreneurship Studies and Influences
article

Research on the Impact of Successful Entrepreneurs on Social Equity and Efficiency: Based on the Discussion of Consumption and Wealth Creation Processes

R. Yang
article en

Abstract

In recent years, the economic downturn and the impact of the COVID-19 pandemic have widened social inequality, deepened government debt, and caused unrest, which is not conducive to the balance between social equity and efficiency and is not conducive to society's long-term stability. Successful businessmen are often considered essential in driving technological innovation and stimulating economic and social development. This paper delves into whether successful businessmen in the consumption and wealth creation process can contribute to economic recovery, restore market confidence, promote technological innovation, and stimulate employment and economic growth. The analysis shows that both the entrepreneurial activities and consumption of successful entrepreneurs can benefit society, and society should recognize the achievements of successful entrepreneurs and not demonize money. Finally, this paper also provides policy recommendations for the government to report on the cases of successful entrepreneurs, encourage businessmen to invest, and adopt measures for equitable development.

Advances in Economics and Management ResearchVol. 12(1)
Harbin University (CN), Harbin Institute of Technology (CN)
Decent work and economic growth
Openalex Percentile: Top 59%
Entrepreneurship Studies and Influences
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