<P> `` Entrepreneur '' ( / ˌɒ̃trəprəˈnɜːr , - nj ʊər / ( listen ) , UK also / - prɛ - / ) is a loanword from French . The word first appeared in the French dictionary entitled Dictionnaire Universel de Commerce compiled by Jacques des Bruslons and published in 1723 . Especially in Britain , the term `` adventurer '' was often used to denote the same meaning . The study of entrepreneurship reaches back to the work in the late 17th and early 18th centuries of Irish - French economist Richard Cantillon , which was foundational to classical economics . Cantillon defined the term first in his Essai sur la Nature du Commerce en Général , or Essay on the Nature of Trade in General , a book William Stanley Jevons considered the `` cradle of political economy '' . Cantillon defined the term as a person who pays a certain price for a product and resells it at an uncertain price , `` making decisions about obtaining and using the resources while consequently admitting the risk of enterprise '' . Cantillon considered the entrepreneur to be a risk taker who deliberately allocates resources to exploit opportunities in order to maximize the financial return . Cantillon emphasized the willingness of the entrepreneur to assume the risk and to deal with uncertainty , thus he drew attention to the function of the entrepreneur and distinguished between the function of the entrepreneur and the owner who provided the money . </P>
<P> `` Entrepreneur '' ( / ˌɒ̃trəprəˈnɜːr , - nj ʊər / ( listen ) , UK also / - prɛ - / ) is a loanword from French . The word first appeared in the French dictionary entitled Dictionnaire Universel de Commerce compiled by Jacques des Bruslons and published in 1723 . Especially in Britain , the term `` adventurer '' was often used to denote the same meaning . The study of entrepreneurship reaches back to the work in the late 17th and early 18th centuries of Irish - French economist Richard Cantillon , which was foundational to classical economics . Cantillon defined the term first in his Essai sur la Nature du Commerce en Général , or Essay on the Nature of Trade in General , a book William Stanley Jevons considered the `` cradle of political economy '' . Cantillon defined the term as a person who pays a certain price for a product and resells it at an uncertain price , `` making decisions about obtaining and using the resources while consequently admitting the risk of enterprise '' . Cantillon considered the entrepreneur to be a risk taker who deliberately allocates resources to exploit opportunities in order to maximize the financial return . Cantillon emphasized the willingness of the entrepreneur to assume the risk and to deal with uncertainty , thus he drew attention to the function of the entrepreneur and distinguished between the function of the entrepreneur and the owner who provided the money . </P>
who introduced the term entrepreneur first in economics
who introduced the term entrepreneur first in economics
Richard Cantillon
Richard Cantillon