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About Chapter 1 Introduction To Entrepreneurship
This document provides an overview of different definitions and views of entrepreneurship from various economists throughout history. It discusses Richard Cantillon's view of entrepreneurs as risk-bearers. Frank Knight distinguished between insurable risk and uninsurable uncertainty that entrepreneurs must bear. Joseph Schumpeter saw entrepreneurs as innovators who bring new combinations to disrupt existing industries. Austrian economists like Hayek and Kirzner saw entrepreneurs as discoverers of price information. Overall, the document synthesizes that entrepreneurs use judgment to deal with novel problems, whether as owners or employed managers, and that their role is more important during times of major change.
Detailed Information
| Author: | ['Charity Luchan Mostoles Aloidnev'] |
|---|---|
| Publication Year: | 2023 |
| Pages: | 4 |
| Language: | English |
| Format: | |
| Price: | FREE |
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