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Questions and Answers
What did the term 'entrepreneur' initially designate in the 18th century?
What did the term 'entrepreneur' initially designate in the 18th century?
- A military leader
- A dealer who purchases the means of production to combine them into marketable products (correct)
- A financial advisor
- A government official
What did the Frenchman who organized and led military expeditions in the early 16th century referred to as?
What did the Frenchman who organized and led military expeditions in the early 16th century referred to as?
- Innovators
- Risk analysts
- Entrepreneurs de poudre (correct)
- Financial consultants
What does the word 'entrepreneur' derive from?
What does the word 'entrepreneur' derive from?
- The English word 'enterprise' meaning 'business venture'
- The Latin word 'entreprenere' meaning 'to innovate'
- The French verb 'entreprendre' meaning 'to undertake' (correct)
- The Greek word 'entrepreneros' meaning 'risk-taker'
What do entrepreneurs create in a country?
What do entrepreneurs create in a country?
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What behavior is attributed to entrepreneurs?
What behavior is attributed to entrepreneurs?
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Study Notes
The Origin of the Term 'Entrepreneur'
- The term 'entrepreneur' initially designated an organizer of projects, especially a military contractor or a military leader, in the 18th century.
Historical Figure
- A Frenchman who organized and led military expeditions in the early 16th century was referred to as an 'entrepreneur'.
Etymology of 'Entrepreneur'
- The word 'entrepreneur' derives from the Old French word 'entreprendre', meaning 'to undertake'.
Entrepreneurial Contribution
- Entrepreneurs create new businesses, jobs, and economic growth in a country.
Entrepreneurial Behavior
- Entrepreneurs are attributed with innovative, risk-taking, and proactive behavior.
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