Question

The necessity of entrepreneurship for production was first normally recognized by Alfred Marshall in _______.

• A. $1690$
• B. $1790$
• C. $1890$
• D. $1990$

Answer 1

The correct option is C $1890$

Entrepreneurship is a broad research topic but it marks its beginning from the contribution made by The Father of Economics Alfred Marshall fro his book"Principles of Economics" in 1890.

Marshall relevant theory begin with the examination of fundamental entrepreneurial functions which then proceeds to the establishment of an enterprise and which then extends to entrepreneurial motives and profits as rewards.