Entrepreneurial Activity in the United States. Why are the United State Outperformed by New Emerging Countries in Business Creation?

Essay from the year 2020 in the subject Business economics - Company formation, Business Plans, , language: English, abstract: This paper analyses and presents how the rest of the world now influences the United States as its entrepreneurial activity rises and decreases. The result of the analysis shows that the United States are still dominated by emerging countries in entrepreneurial activities. This is a result of weak cultural support, software industry, and high-growth markets. However, in start-up skills, competitiveness, and emerging technology the United States remain strong. Taxes in the United States decreased in 2018 compared to 2017. This may be the consequence of the reduction of the number of new business and entrepreneurial activity.Zoltan and Laszlo indicated that even though the United States seem to be among the top entrepreneurial economies, its performance is based on the sub-index of expectations but remains slightly on the sub-indexes of attitudes and operation. On institutional variables the US-output tends to be better than on individual variables. A country cannot be strong without a strong economy especially in the private sector. All countries are living by its population via the payment of taxes (tax on company income, tax on salaries and wages, value added tax, tax on dividend). The government redistributes this under different payments (paying its employees, supporting the poor via subsidiaries, payment for health insurance, payment for military expenses, investing in public assets). It is clear that taxes are the main source of revenue for the government. When people are rich, they make their government rich through their contribution. There may be a positive correlation between the amount collected by the government and the number of employed people and the number of companies.