“Entrepreneurs shift economic resources out of an area of lower and into an area of higher productivity and greater yield.”
What this quote means
Jean-Baptiste Say, a 19th-century economist, defines here the essence of the entrepreneur: an agent of change who optimizes resource allocation. By moving resources to more productive uses, the entrepreneur creates value and stimulates the economy. This quote highlights the importance of innovation and risk-taking. It applies to anyone seeking to improve their efficiency, whether in business or personal life, by identifying areas where their efforts yield the highest returns.
How to apply it daily
Identify an underutilized resource in your work or life, and reallocate it today to an activity with higher potential.
Continue
Related quotes
Same author or same theme — keep reading.
“The only thing worse than training your employees and having them leave is not training them and having them stay.”Create visual
“In Israel, a land without oil, we have to rely on our greatest natural resource: our brain.”Create visual
“I like being able to fire people who provide services to me.”Create visual
“The difference between involvement and commitment is like ham and eggs. The chicken is involved, the pig is committed.”Create visual
“What gets measured gets managed.”Create visual
“The best way to get a job is to create one.”Create visual