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Economic dynamism

An economic term From Wikipedia, the free encyclopedia

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Economic dynamism is the rate and direction of change in an economy.[1] This can include activities like the rate of new business formation, the frequency of labor market turnover, and the geographic mobility of the workforce.[1] Economists disagree on the usefulness of the term, with some calling it too ambiguous, and with others calling it useful to understand the degree of churn in the economy.[2] Proponents of the term note that it can describe an economy's ability to adapt to changing circumstances, such as changing consumer demands or the availability of resources.[2] Some experts correlate economic dynamism with the rate of business start-ups.[3] Rates of consumers changing banking or telecommunications service providers, especially as limited by switching barriers, have been cited as a major influence on economic dynamism.[4][5]

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American Dynamism

Andreessen Horowitz uses the phrase 'American Dynamism' to exemplify that innovation and startups with a civic minded approach to further the national interest, is a core value of the venture capital fund.[6][7]

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