The topic of entrepreneurship is a long standing practice of anyone with an idea to make a profit on all kinds of items, from coinage in the 13th century to make currency for business to the computers of the 80's. The person that dreams big and has persistence in an idea can become an entrepreneur.
Baptiste say, by moving resources from low productivity areas to higher yield. In 1848 the term was used in a popular book by John Stuart Mill that an entrepreneur would assume both, risk and gains.
The definition of an entrepreneur is “one who organizes a business undertaking, and assumes the risk for the sake of profit”.
Sources: "Origin of Entrepreneur"
History of the origin of entrepreneur comes from the 13th century, it is from the French verb entrepreneur, meaning to do something or to undertake. By the 16th century entrepreneur became a noun and the meaning was someone who under takes a business venture.
The first academic use of this term was by Richard Cantillon in 1730 and the distinguishing of an entrepreneur. Further popularized in the early 1800’s by Jean management of a business.
In the 19th Century three economists, Say, Mill, and Alfred Marshall begin to see the actions and special skills required for an entrepreneurs. Marshal claims four primary factors, which are land, labor, capital, and organization. Say Treatise of the French work of entrepreneurs translated as the "adventureer". Sources: "Origin of Entrepreneur"
