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Entrepreneurs and Innovation

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Questions and Answers

What is the origin of the term 'entrepreneur'?

German term for 'risk-taker'

Italian verb meaning 'to innovate'

French verb meaning 'to undertake' (correct)

Spanish word for 'business owner'

According to Joseph Schumpeter, who is responsible for creating new things?

Entrepreneurs (correct)

Consumers

Governments

Companies

How did Frank Knight view entrepreneurs in relation to uncertainty?

As risk avoiders

As followers of trends

As bearers of uncertainty (correct)

As profit maximizers

What did Israel Kirzner see entrepreneurship as?

<p>A process leading to discovery</p> Signup and view all the answers

Which characteristic is commonly associated with entrepreneurs?

<p>Innovation and new ideas</p> Signup and view all the answers

Entrepreneurs and Innovation

Choose a study mode

Podcast

Questions and Answers

What is the origin of the term 'entrepreneur'?

According to Joseph Schumpeter, who is responsible for creating new things?

How did Frank Knight view entrepreneurs in relation to uncertainty?

What did Israel Kirzner see entrepreneurship as?

Which characteristic is commonly associated with entrepreneurs?

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