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What was the primary challenge in offering a specific definition of entrepreneurship?
What was the primary challenge in offering a specific definition of entrepreneurship?
- Historical origin being unclear
- Lack of availability of definitions
- Existence of too many definitions (correct)
- Complexity of the term
How was an entrepreneur defined in the 17th Century?
How was an entrepreneur defined in the 17th Century?
- A risk taker
- A capital provider
- A contractual agreement holder with the government (correct)
- A person managing large commercial projects
According to Richard Cantillon, what characteristic defines an entrepreneur?
According to Richard Cantillon, what characteristic defines an entrepreneur?
- Being a risk taker (correct)
- Operating at a known price and selling at an unknown price
- Managing large commercial projects
- Providing capital
What distinguishes the entrepreneurial role from the capital-providing role?
What distinguishes the entrepreneurial role from the capital-providing role?
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In what way did merchants in the 18th Century demonstrate risk-taking behavior?
In what way did merchants in the 18th Century demonstrate risk-taking behavior?
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How was an entrepreneur viewed in the late 19th and early 20th Century?
How was an entrepreneur viewed in the late 19th and early 20th Century?
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What is entrepreneurship defined as in the provided text?
What is entrepreneurship defined as in the provided text?
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How is entrepreneurship different from managing commercial projects?
How is entrepreneurship different from managing commercial projects?
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What is at the heart of the definition of an entrepreneur according to the text?
What is at the heart of the definition of an entrepreneur according to the text?
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How is the perception of the word 'entrepreneur' described to have evolved in the text?
How is the perception of the word 'entrepreneur' described to have evolved in the text?
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