I like how you started out with the main attribute an entrepreneur needs to have and that's adaptability because without that even a really good idea will fall behind fro innovation from his original idea.
"This is a very important attribute as the markets are ever changing, partly due to consumers wants evolving."
Couldn't agree with you more. Even with the latter part because that is a big reason and people just want improvement as time goes on with existing products too. That is a good thing about our economy is all the competition makes people stay honest and always be trying to improve and do things better because that is what the competition is doing to try and get the job you're doing. I like how the market is always so open to change if it works and the product or service is good. Good business is universal and people really appreciate it at the end of the day no matter what service or good you are providing. I also agree it's much easier to predict short term economy than long term economy impact. We don't know when corona 2.0 is going to hit. I don't think they will ever shut the economy down again because it was so detrimental when they did it during covid. I think in the future the US will take much more open approaches to diseases, but it also depends on how bad it is of course too. I think regulation should be used on nonrenewable resources of course and more of an importance put upon trying to find better supplemental products, but creative destruction is not always a fast process because sometimes it takes things like mass deforestation and literally running out of supplies before we try to go away from a substance for building houses other than our trees, but just like the laws within our system it takes time for people to realize a problem because you don't notice the repercussions of what you're doing in the beginning. Those come years later when much more damage has been done and its an apparent problem. Not everything can be perfect though and that's just how we must learn sometimes, but we must also be open to change.