Meaning of Entrepreneur
Cantillon defines an entrepreneur as one who bears uncertainty, buys labor and materials and selld products and uncertain prices. He is one who takes risks and makes innovations on the factors of production.
In french concept, an entrepreneur is an adventurer. He does new things or does things in a new way. He supplies new products makes new techniques of production discovers new markets and develops new sources of raw materials.
Peter Drucker says that n entrepreneur always searches for change, responds to it and exploits it as an opportunity.
Say, an economist, explains that an entrepreneur is one who shifts economic resources from an area of lower productivity to an area of higher productivity and greater yield.