Introduction to Entrepreneurship
This slide compares the Total Early-Stage Entrepreneurial
Activity (TEA) rates between the United States and Malaysia for 2015/2016 and
2022. TEA rates measure the percentage of adults who are starting or managing a
new business.
Key Points:
- Comparison
of TEA Rates:
- 2015/2016:
In the US, the TEA rate was 11.9%, while in Malaysia, it was much lower
at 2.9%.
- 2022:
By 2022, Malaysia's TEA rate jumped to 11.4%, showing a big increase in
entrepreneurial activities. Meanwhile, the TEA rate for the US in 2022
was 16.5%, indicating a strong and consistent entrepreneurial spirit.
- Significance
for Malaysia:
- The
jump from 2.9% to 11.4% shows that more people in Malaysia are starting
new businesses. This is a positive trend, meaning there’s growing
interest and activity in entrepreneurship in the country.
- Significance
for the US:
- The
TEA rate in the US has also increased to 16.5% in 2022. This highlights
that entrepreneurship remains a strong and vital part of the US economy.
Visual Aid:
- Graph:
The graph on the right visually shows these TEA rates. The blue bars
represent the US, and the green bars represent Malaysia, making it easy to
see the differences and growth over the years.
Conclusion:
Overall, both countries have shown growth in entrepreneurial
activities, but the significant increase in Malaysia's TEA rate is particularly
noteworthy. This indicates that entrepreneurship is becoming more popular and
viable in Malaysia, while the US continues to maintain a strong entrepreneurial
culture.
