BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Earliest period
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Middle ages
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17th century
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19th and 20th century
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Detailed explanation-1: -Answer: 18th century. Explanation: A person who manage large projects was trrmed as the entrepreneur in 18th century.
Detailed explanation-2: -19th and 20th century. Was this answer helpful?
Detailed explanation-3: -the term entrepreneur (builers, architects, engineers) was used to describe both an actor and a person who was in charge of and managed large production projects. Entrepreneur has become associated with risk. they enter into a formal contract with the government to provide products and services.
Detailed explanation-4: -Solution. People with capital were distinguished from those who needed capital in the 18th century. In other words, the capital provider was distinguished from the entrepreneur.
Detailed explanation-5: -Importance of Entrepreneurship Drives economic growth and creates new job. Encourages innovation by bringing new ideas, products, and services to the market. Contributes to social change by developing products or services that reduce people’s dependence on outdated technologies.