Gender and Entrepreneurship: A Sociological Study On Women Entrepreneurship
Four production factors determine economic development, including natural resources, capital, labour, and entrepreneurship. According to Hebert and Link (1988), the word entrepreneur was first used by Cantillon, who was a banker in France. Cantillon defined the entrepreneur as someone who engages in exchange for profit and exercises business judgment in the face of uncertainty. After Cantillon, many economists tried to define the term but no consensus exists on the definition of this phenomenon. Nonetheless, the term could be defined as the process of creating something valuable by devoting the necessary skills, time, and effort, as well as assuming the accompanying financial and sometimes physical and social risks to reap the resulting monetary rewards and personal satisfaction (Ufuk and Özgen, 2001, p. 299).
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