1. What is the entrepreneur concept most closely associated with early economic literature?
2. Which economist is credited with linking the entrepreneur to uncertainty in future markets?
3. How did Jean-Baptiste Say define the entrepreneur?
Entrepreneur — definition?
Agent responsible for initiating and completing a project under uncertainty.
Cantillon — role?
Coined entrepreneur as risk-taker in uncertain future markets.
Say — role?
Defines entrepreneur as the factor combiner into productive organism.
Smith — role?
Organizes productive work to raise returns.
Entrepreneur vs capitalist — difference?
Entrepreneur initiates, capitalist provides capital.
Late 19th-century shift — effect?
Separation of ownership and operation roles.
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