Notes

Entrepreneur - Definition of Entrepreneur at Dictionary.com

<h1 style="clear:both" id="content-section-0">Some Ideas on ENTREPRENEUR Synonyms: 14 Synonyms &amp; Antonyms for You Need To Know<br></h1>
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<p class="p__0">Jean-Baptiste State also determined business owners as a driver for economic advancement, emphasizing their role as one of the collecting factors of production allocating resources from less to fields that are more productive. Both State and Cantillon belonged to French school of thought and called the physiocrats. Dating back to the time of the middle ages guilds in Germany, a craftsperson needed special approval to operate as an entrepreneur, the small evidence of proficiency (Kleiner Befhigungsnachweis), which restricted training of apprentices to craftspeople who held a Meister certificate.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://foundr.com/wp-content/uploads/2017/10/becoming-an-entrepreneur-foundr-blog-post.jpg" alt="How entrepreneurs are leading the way into the future - EY - US"><span style="display:none" itemprop="caption">The Secret Struggles Behind Being An Entrepreneur</span>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://www.wikihow.com/images/thumb/d/d8/Become-an-Entrepreneur-Step-2-Version-6.jpg/v4-460px-Become-an-Entrepreneur-Step-2-Version-6.jpg.webp" alt="Do You Need a Master's Degree to Become an Entrepreneur? - Top Universities"><span style="display:none" itemprop="caption">Empowering young entrepreneurs to increase retention in rural areas - 4-H Youth Entrepreneurship</span>
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<p class="p__1">Nevertheless, evidence of proficiency was not needed to begin a service. In 1935 and in 1953, higher proof of skills was reintroduced (Groer Befhigungsnachweis Kuhlenbeck), which required craftspeople to get a Meister apprentice-training certificate prior to being allowed to set up a brand-new company. In the Ashanti Empire, successful entrepreneurs who collected big wealth and guys in addition to differentiated themselves through brave deeds were granted social and political acknowledgment by being called "Abirempon" which implies huge guys.</p>
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<p class="p__2">The state rewarded business owners who achieved such achievements with Mena(elephant tail) which was the "heraldic badge" 20th century [edit] In the 20th century, entrepreneurship was studied by Joseph Schumpeter in the 1930s and by other Austrian financial experts such as Carl Menger (1840-1921), Ludwig von Mises (1881-1973) and Friedrich von Hayek (1899-1992).</p>
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<h1 style="clear:both" id="content-section-1">An Unbiased View of Home - Entrepreneur Center<br></h1>
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<p class="p__3">According to Schumpeter, an entrepreneur is ready and able to transform a brand-new concept or development into a successful innovation. Entrepreneurship utilizes what Schumpeter called the "wind of innovative destruction" to replace in entire or in part inferior offerings across markets and industries, at the same time producing brand-new products and brand-new business models, [] therefore innovative destruction is mainly [] responsible for long-lasting economic development.</p>
<br>&lt; The Latest Info Found Here ="p__4"&gt;An alternative description by Israel Kirzner (1930-) recommends that the majority of innovations might be incremental enhancements - such as the replacement of paper with plastic in the building and construction of a drinking straw - that need no special qualities. For Schumpeter, entrepreneurship resulted in new markets and in brand-new mixes of currently existing inputs.
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