How has Adam Smith defined the term ‘entrepreneur’?
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ADAM SMITH, ENTREPRENEURSHIP, AND THE “WEALTH OF NATIONS” In 1776, Adam Smith defined an Entrepreneur as “an individual, who undertakes the formation of an organization for commercial purposes by recognizing the potential demand for goods and services, and thereby acts as an economic agent and transforms demand into ...
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ADAM SMITH, ENTREPRENEURSHIP, AND THE “WEALTH OF NATIONS” In 1776, Adam Smith defined an Entrepreneur as “an individual, who undertakes the formation of an organization for commercial purposes by recognizing the potential demand for goods and services, and thereby acts as an economic agent and transforms demand
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