INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Gibb and Ritchie (1981) are British academic scholar which introduce entrepreneurship through the system approach
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -The word entrepreneur was first introduced by the Franco-Irish economist Richard Cantillon (1680–1734), who coined the term in his landmark work Essay on the Nature of Commerce in General.
Detailed explanation-2: -Gifford Pinchot introduced the term (entrepreneur, intrapreneur, social entrepreneurship)
Detailed explanation-3: -Joseph Alois Schumpeter, one of the greatest economists, put forth the well-known innovative theory which changed the entrepreneur’s perspective. According to Schumpeter, entrepreneurs take the stationary economy to a new level of development by adding innovation and creativity of their own.
There is 1 question to complete.