Question

Select the proper options given from the options given below and rewrite the completed sentences :
The term entrepreneur was first used by ________.

(a) J. Schumpeter
(b) R. Cantilon
(c) A.H. Cole

Answer 1

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.’’