Which economist first associated the risk bearing activity in the economy with the entrepreneur?

The term entrepreneur, which most people recognize as meaning someone who organizes and assumes the risk of a business in return for the profits, appears to have been introduced by Richard Cantillon (1697-1734), an Irish economist of French descent.

Which of the following economists first associated the risk bearing activity in the economy with the entrepreneur?

One of the least developed aspects of mainstream microeconomics is the theory of the entrepreneur. The 18th-century economist Richard Cantillon called entrepreneurs a “special, risk-bearing group of people.” Since that time, risk-bearing has been an important characteristic of the economic entrepreneur.

Which of the following economists wrote about entrepreneurship and its impact on economic development?

Which of the following economists wrote about entrepreneurship and its impact on economic development? … Robert McConnellANS: BPTS:1NAT:AACSB Reflective Thinking | Individual DynamicsKEY:page 430.In our present century, entrepreneurship has become synonymous or closely linked with:a.

Which of the following characteristics are important for entrepreneurs quizlet?

Terms in this set (10)

  • entrepreneur. an individual who undertakes the risk associated with creating, organizing, and owning a business.
  • persistent. determined to overcome problems and to pursue their goals in order to make their business. …
  • creative. …
  • responsible. …
  • inquisitive. …
  • goal-oriented. …
  • independent. …
  • self-confident.
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When one discusses upside gain and downside loss one is talking about?

The term “upside gain and downside loss” refers to the profits the business can make and the losses it can suffer. The term “risk vs. loss” refers to the amount of return for funds invested. Business Brokers help entrepreneurs locate the funds necessary to start a business.

Who is the first entrepreneur?

3. Benjamin Franklin. In a real sense, Franklin was America’s first entrepreneur.

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