Podcast
Questions and Answers
What is the origin of the word 'entrepreneur'?
What is the origin of the word 'entrepreneur'?
- From the German word 'unternehmer'
- From the Greek word 'entrepot'
- From the Latin word 'enterprisium'
- From the French word 'entreprendre' (correct)
According to Richard Cantillon, who was included in his definition of entrepreneurs?
According to Richard Cantillon, who was included in his definition of entrepreneurs?
- Wage employees working for an employer
- Only business owners with capital
- Beggars and thieves (correct)
- Investors with a high level of certainty
Who was the earliest in the history of Economics to identify the role of Entrepreneur in the economy?
Who was the earliest in the history of Economics to identify the role of Entrepreneur in the economy?
- Joseph Schumpeter
- Peter Drucker
- Richard Cantillon (correct)
- Jean Baptiste Say
What did Richard Cantillon state about entrepreneurs' wages?
What did Richard Cantillon state about entrepreneurs' wages?
Which period of history is highlighted for its influential individuals in shaping the concept of entrepreneurship?
Which period of history is highlighted for its influential individuals in shaping the concept of entrepreneurship?
According to Richard's classification, which economic agents play the central part in the economy?
According to Richard's classification, which economic agents play the central part in the economy?
What did Richard consider as the primary task of an entrepreneur?
What did Richard consider as the primary task of an entrepreneur?
How did Richard view the role of entrepreneurs in the economy?
How did Richard view the role of entrepreneurs in the economy?
What function of the entrepreneur was considered one of the chief functions by earlier writers but has declined in importance?
What function of the entrepreneur was considered one of the chief functions by earlier writers but has declined in importance?
Apart from decision making, what other major function does the entrepreneur perform?
Apart from decision making, what other major function does the entrepreneur perform?
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