Viewing another aspect of entrepreneurial form leads us to reconsider the fact that resource owners and consumers are often passive. They act as if the prices they see are ‘equilibrium’ prices. These errors yield opportunities for profitable activity.
‘Enter the producers!’ since they are never immune from competition. They inevitably and significantly take on the role of entrepreneur; seekers. The drive for producing the best products at the lowest prices, subject to competitive pressures, makes the producer a natural candidate for keen alertness.
The economy is a dynamic matrix of human action and passivity is quickly detected and corrected by those whose entrepreneurial spirit is keen. Producers are keen indeed!
Sign up for my very appealing newsletter! @ https://www.rebelmouse.com/Bruce_Koerber/