Economic development is identified with productivity increase and the rational reorganization of production, that takes place systematically with the advent of industrialization and capitalismo This reorganization is responsibility of the entrepreneur, uiho, according to Schumpeter's pioneering analysis, innovates, commanding the investment process and the introduction of technological progresso Savings are primarily achieved by the capitalist; investment and innovation, by the entrepreneur; the direction of the business enterprise, by the manager. The fundamental economic function of the state is to create new opportunities to entrepreneurial innovation.
Development; entrepreneur; state; manager; capitalist