The Origins of Entrepreneurship
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Questions and Answers

Who is responsible for the first academic usage of the word entrepreneur?

  • Daniel Defoe
  • Anne-Robert Jacques Turgot
  • Francois Quesnay
  • Richard Cantillon (correct)
  • In what century did the word entrepreneur originate?

  • 13th century (correct)
  • 16th century
  • 14th century
  • 15th century
  • Which novel introduced the concept of the 'creative entrepreneur'?

  • Moby-Dick
  • Robinson Crusoe (correct)
  • Pride and Prejudice
  • 1984
  • According to Richard Cantillon, what is the distinguishing feature of an entrepreneur?

    <p>Bearing of risk without assurance of profits</p> Signup and view all the answers

    Which of the following economists is NOT mentioned as having early references to the term entrepreneur?

    <p>Adam Smith</p> Signup and view all the answers

    Who was the first economist to use the word entrepreneur academically?

    <p>Richard Cantillon</p> Signup and view all the answers

    Which language does the word 'entrepreneur' originate from?

    <p>French</p> Signup and view all the answers

    Which novel introduced the concept of the 'creative entrepreneur'?

    <p>Robinson Crusoe</p> Signup and view all the answers

    According to Richard Cantillon, what is the distinguishing feature of an entrepreneur?

    <p>Assurance of profits</p> Signup and view all the answers

    Who used the term 'projecto' to refer to the 'creative entrepreneur'?

    <p>Daniel Defoe</p> Signup and view all the answers

    Study Notes

    Origin and Usage of the Term "Entrepreneur"

    • The word "entrepreneur" originated from the French language.
    • The first academic usage of the word "entrepreneur" is attributed to Richard Cantillon, an early economist.
    • Early references to "entrepreneur" are found in works by economists like Jean-Baptiste Say, Adam Smith, and Karl Marx, but some economists do not mention it in their discussions.

    Historical Context

    • The term "entrepreneur" gained traction in the 18th century.
    • The concept of the 'creative entrepreneur' was introduced in the novel "The Artist" by the French writer and art critic, Émile Zola.
    • Richard Cantillon identified risk-bearing as the distinguishing feature of an entrepreneur; they take on uncertainties in business.

    Influential Concepts

    • Richard Cantillon highlighted the importance of entrepreneurs in providing goods and services while managing risk.
    • The term 'projecto,' referring to the 'creative entrepreneur,' was utilized by theorist Joseph Schumpeter, emphasizing innovation and creativity in entrepreneurship.

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    Description

    Discover the fascinating origins of entrepreneurship and test your knowledge with this quiz! Explore the history of the word "entrepreneur" and learn about its roots in 13th century France. Challenge yourself with questions about influential economists and their contributions to the concept of entrepreneurship.

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