Evolution of the Word Entrepreneur

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Entrepreneur means

The word entrepreneur is derived from the French word ‘entrependre’, which means undertook the risk of the enterprise. This word was first used in the 16th century. Mr Richard Cantillon in his writings for major expeditions to France. He described an entrepreneur as a person who pays a price for a product to be sold. Therefore, such a person risks the resources to obtain such a commodity. According to him, the smart entrepreneur is always in search of the best opportunities to utilize resources for commercial gain.

According to some scholars, the word ‘entrepreneur’ was first used in 16th century France in military expeditions. In the 17th century, this word was used in other adventure activities, mainly in the field of civil engineering in the field of construction of roads, bridges, ports and buildings and in the 18th century it was used in relation to economic activities, but 200 years Former J. B. There is a complete misconception about the term entrepreneurship as developed by JB Say.

Entrepreneur Means in America

In America, entrepreneur is often considered to be a person who starts his own new business, while in Germany entrepreneur is called a person who has a large amount of power and wealth. At present, it seems absolutely true that Arthur Cole’s statement that to study the entrepreneur is to study the main character in economic activities. An entrepreneur has come to be considered as a true hero of the society and a harbinger of economic and social changes. The determination of one’s business success is on the basis of innovation and creative work done by entrepreneurs. There will be no exaggeration if the entrepreneur is called the foundation or visionary of the future society.globally, like Rockefeller, Carnegie, Watson, Morgan, Kilsar, Tata, Birla, Jindal, Dalmia, Dhirubhai Ambani etc.

the names of their organizations have become popular

Although different scholars have called entrepreneur by different names, the meaning of entrepreneur is Risk taker, Promoter i.e. Owner or Manager, (Organizer) or Coordinator (Co) who set up the enterprise. -ordinator), but at present the entrepreneur is called the Innovator (Innovator) and the Economic Leader of the industry and business world.