ABSTRACT
The origins of much modern thinking about entrepreneurship lie in Schumpeter’s (1934) work that suggested that the entrepreneur’s role was to disturb economic equilibrium, which itself can be understood as the balance between supply and demand for a particular good or set of related goods (and, indeed, tourism services), as well as the stability of prices. Entrepreneurs create a disturbance through innovation. By changes in the process of production, or by introducing new products, the entrepreneur disturbs the balance between demand and production, leading to existing relationships being supplanted by new ones.
