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About UNIT: 01 Nature & Importance of Entrepreneur & Entrepreneurship
The document discusses the nature and development of entrepreneurs and entrepreneurship over time. It traces the evolution of the term from the French word meaning "go-between" to modern usage. Key points discussed include: - In the earliest periods, merchants bore physical and emotional risk while capitalists passively provided capital. - In the Middle Ages, the term was used to describe both actors and project managers, who did not take risks. - Richard Cantillon in the 1700s viewed the entrepreneur as a risk-taker who buys at uncertain prices. - In the 18th century, entrepreneurs were distinguished from capital providers, exemplified by inventors like Eli Whitney and Thomas Edison who developed new
Detailed Information
| Author: | ['Tabish Khan'] |
|---|---|
| Publication Year: | 2019 |
| Pages: | 11 |
| Language: | English |
| Format: | |
| Price: | FREE |
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