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Optimism and Pessimism of Entrepreneurs and It Impact on Macroeconomics
Looking at economic issues today, many people do not have a strong positive outlook for the future. There is also opinion that without optimism, many of entrepreneurs would not have started a new business again. I agree this statement because pessimistic person after mistakes would not start something new and because of that there would be less paid taxes for the government, less work place for people and less supply for the market. If there is more pessimism in the content of likely entrepreneurs, it means it is less wealth for the country because they are less likely to start their business. Also I think that optimistic entrepreneur is also more likely to invent some new innovation in the market.
To sum up, I think you have to be both- optimist and pessimist- to be successful. It is important not to be too optimistic because, first of all, you have to evaluate the situation about your business from the pessimist point of view to weight up all risks better. Also pessimism can give us the push that we need to try our best. Optimists don’t give up as easily as pessimists, and they are more likely to achieve success because of it. Some optimistic businessmen, like Donald Trump, have been bankrupt (even multiple times), but have been able to persist and turn their failures into millions! You have to think positive because than there will be less things and problems which will push you back from your idea. The best thing to do, to my mind, you have to optimistic and realistic.
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Everything what is connected with people and activity of them is also connected with psychology. Economics is the social science and it is connected with it very much because people’s behaviour depends on so many factors. For example, rumours in the press, religion, economic growth, competition in the market, education, the availability of information, property status can make people act differently. It is impossible to name all factors which have an influence to the behaviour of people. In life and also in the case of economics is the same situation. In economics optimism and pessimism of entrepreneurs is influenced also by many social, political, cultural and other factors. It is important to get knowledge about it because this optimism or pessimism of entrepreneurs influences economics very much. To understand the impact on economics of optimism and pessimism of entrepreneurs, you have to understand first what causes these conditions of entrepreneurs’ mood.