1.The term entrepreneurship is associated with _________.
(A)Self-employment
(B)Creation of new enterprises
(C)Both (a) and (b)
(D)None of the above
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Entrepreneur is a French word probably coined by the economist Jean-Baptiste Say from the word entreprendre, which is usually translated as "undertaker" or "adventurer." Say studied Smith's book and, while agreeing on all points, found that the omission of enterprising businessmen was a serious flaw.
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