Why an entrepreneur is referred as a change agent?

A.VERIFIED ANSWERfact-checked by tutors

The word entrepreneurship is derived from a French word ‘entreprendre’ commonly used in the 17th century. It refers to the individuals who were basically undertakers, who took the risk of a new enterprise. In French, British and Australian literature in economics, the word was used in the context of change agents.

Suggested Q&A

GENERAL · CLASS 11

GeneralCLASS 11
Is the concept of entrepreneurship confined to big business enterprises and economic institutions only?
GeneralCLASS 11
Mention three qualities of an entrepreneur as stated by Peter Drucker.
GeneralCLASS 11
How Adam Smith defined an entrepreneur?
GeneralCLASS 11
Name the economist known for the various theories on the principles of economics.
GeneralCLASS 11
How entrepreneurship helps in harnessing youth vigour?
GeneralCLASS 11
Mention the importance of entrepreneurs in the following context. 6 Marks - Commercialising new ventures and products. - Offering challenging career options. - Reducing concentration of economic power.