10 Questions
What was the primary challenge in offering a specific definition of entrepreneurship?
Existence of too many definitions
How was an entrepreneur defined in the 17th Century?
A contractual agreement holder with the government
According to Richard Cantillon, what characteristic defines an entrepreneur?
Being a risk taker
What distinguishes the entrepreneurial role from the capital-providing role?
Risk-taking behavior
In what way did merchants in the 18th Century demonstrate risk-taking behavior?
Buying products at an unknown price
How was an entrepreneur viewed in the late 19th and early 20th Century?
From economic perspectives
What is entrepreneurship defined as in the provided text?
The art of identifying viable business opportunities
How is entrepreneurship different from managing commercial projects?
By creating something different and better with value
What is at the heart of the definition of an entrepreneur according to the text?
Innovation and newness
How is the perception of the word 'entrepreneur' described to have evolved in the text?
From being an inventor to applying innovation in business ideas
Explore the historical development of entrepreneurship to understand the meaning of the term. Learn about the origins and evolution of entrepreneurship as a concept and profession.
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