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Question
Select the proper option given from the options given below and rewrite the completed sentence :
The term entrepreneur was first used by ________.
Options
J. Schumpeter
R. Cantilon
A.H. Cole
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Solution
Correct option- b
The term entrepreneur was first used by R. Cantilon.
Explanation:
Richard Cantillon, an Irish economist, first used the term “entrepreneur” in the 18th century. According to him, ‘‘an entrepreneur is the person who buys factors services at certain prices with a view to selling its product at uncertain prices.’’
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