There is no way to separate alertness from the competitive environment since they are parts of the same process. Superior awareness is the natural mode of operation and is potentially striven for by everyone.
Since the entrepreneur acts upon the economy, the entrepreneur is part of its dynamic character. This ever-changing character of the economy makes instantly obsolete any attempt to view the economy as static. What enables the subjective methodology to incorporate the instantly ever-changing economy into theory is the emphasis it gives to the praxeology of entrepreneurship.
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