Wednesday, February 20, 2008

An entrepreneur defined

J.B. Say, an early 19th century French economist, is generally credited with recognising that the entrepreneur in a capitalist society is 'the pivot on which everything turns'.

A more recent definition of an entrepreneur is :

"One who reforms or revolutionises the pattern of production by exploiting an invention or, more generally, an untried technological possibility for producing a new commodity or producing either an old one in a new way. This action will open up a new source of supply of materials or a new outlet for products by reorganising an industry."

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