ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The word entrepreneur actually originates from the 13th century French word ‘entreprendre’ which means to undertake or to do something. By the 16th century this had become the noun entrepreneur, taken to mean someone who undertakes a business project or speculation. This is an important point to make.

Detailed explanation-2: -Entrepreneur is a French word that means “to undertake.” In the business world, this term applies to someone who wants to start a business or enterprise.

Detailed explanation-3: -An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures.

Detailed explanation-4: -The word “entrepreneur” originates from a thirteenth-century French verb, entreprendre, meaning “to do something” or “to undertake.” By the sixteenth century, the noun form, entrepreneur, was being used to refer to someone who undertakes a business venture.

Detailed explanation-5: -What is an entrepreneur? Someone who is willing to undertake a new venture in order to present an idea to the marketplace. One who organizes, manages, and assumes the risks of a business or enterprise.