The market economy is progressing at an astonishing speed in today's society. Enterprises, divided into large, medium and small businesses, have become the main symbol of the development of the market economy. Entrepreneurship is defined as “the process, initiated by individuals, of identifying new opportunities and converting them into marketable products or services” (Schaper and Volery 2007, 4), and it is often linked to small businesses. This essay will demonstrate that the level of entrepreneurship in Australia is higher than in other wealthy countries. We will then explain what factors can motivate individuals to carry out entrepreneurial activities. Finally, he points out that there is no significant evidence that small businesses are beneficial to the economy. It is difficult to estimate the level of entrepreneurship. However, there is a misconception that the number of entrepreneurs in Australia is lower than in other developed countries. According to Autio (2007:12), compared to other rich countries, Australia and New Zealand have more entrepreneurs, followed by North America. Entrepreneurship in Australia is at a higher level due to two aspects: innovation and business start-up rate. It is undeniable that innovation is an important indicator for measuring the level of entrepreneurship (Kukoc and Dominic 2008, 17). Australia is at the highest level of early-stage entrepreneurial activity (TEA) in terms of innovation economies. Interestingly, innovation activities in Australia are dominated by women, where they participate in entrepreneurial activity with equal rights (Kelley, Bosma and Amorós 2010, 9). The other index for measuring the level of entrepreneurship is the incidence of business creation. (Kuko...middle of article...summary (summer 2008): 15-26. Accessed May 2, 2011. http://search.informit.com.au.ezp01.library.qut.edu.au /fullText;dn=200804190;res=APAFTSchaper, Michael and Thierry Volery. 2007. Entrepreneurship and Small Business 2nd edition of Pacific Rim: John Wiley & Sons Australia. Rachel 2001. employment and innovation in small businesses". Work, Employment and Society 15 (2): 373-384. doi:10.1177/09500170122119002. Parker, Rachel. 2006. “Small business and entrepreneurship in the knowledge economy: comparing Australia and Sweden. » New Political Economy 11(2):201-226. doi: 10.1080/13563460600655573. Verheul, Ingrid, André van Stel, Roy Thurik, Zoetermeer 2004. “Explaining female and male entrepreneurship in 29 countries.” . Accessed May 2, 2011. ftp://papers.econ.mpg.de/egp/discussionpapers/2004-08.pdf.