Entrepreneurship

Millions of new enterprises are begun each year in spite of a more than 50% ..... rate.

There is increasing research on the subject, more and more courses in entrepreneurship, and heightened ..... by the media.

Initiating a new business involves considerable risk, as well as an effort to overcome all the ..... against innovative ideas.

The French word "entrepreneur", ..... translated, means simply "undertaker".

The entrepreneur's connection with risk evolved in the 17th century, when an entrepreneur was someone who entered into a contract with the government to perform a service or to supply ..... products.

Since the contract price was fixed, any resulting profits or losses ..... the efforts of the entrepreneur - the better he performed, the more profit he made.

In the 18th century, the person with capital was ..... from the one who needed capital; in other words, the entrepreneur was distinguished from the capital provider.

In contrast to an entrepreneur, a venture capitalist is a professional money manager who makes risk investments from a ..... of capital to obtain a high rate of return.

In the mid-20th century, the ..... of an entrepreneur as an innovator was established.

The concept of innovation and newness is now an ..... part of entrepreneurship.