How is Entrepreneurship viewed and defined through the years? Make a historical timeline for this.
Answers
Answer:
Entrepreneurship is the creation or extraction of value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones.'
Answer:
History of Entrepreneurship
Entrepreneurship is defined as the process of starting a business. Today, entrepreneurs are romanticized as being the cornerstones of a successful capitalist economy.
But where did entrepreneurship begin? Who were the first entrepreneurs? In a global economy dominated by big businesses, what does the future hold for entrepreneurship?
Today, we’re going to tell you everything you need to know about the history of entrepreneurship.
The Beginnings of Entrepreneurship and Trade
Believe it or not, the first entrepreneurs can be traced back to nearly 20,000 years ago. The first known trading between humans took place in New Guinea around 17,000 BCE, where locals would exchange obsidian (a volcanic glass prized for its use in hunting tools) for other needed goods – like tools, skins, and food.
This early type of entrepreneurship continued for millennia. Hunter-gatherer tribes would trade goods from different parts of their respective regions to provide an overall benefit for their tribe.
Entrepreneurship and the Agricultural Revolution
The first big shift in entrepreneurship took place during the Agricultural Revolution, which occurred about 12,000 years ago.