ENTREPRENEURSHIP

Detailed explanation-1: -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-2: -The original entrepreneurs were traders and merchants. The first known instance of humans trading comes from New Guinea around 17, 000 BCE, where locals exchanged obsidian, a black volcanic glass used to make hunting arrowheads for other needed goods.

Detailed explanation-3: -Essentially, entrepreneurship is the process of developing, organizing, and running a new business to generate profit while taking on financial risk.