Posts Tagged ‘money’
August
22
2011

Economic activity started when ancient entrepreneurs used bartering as an economic need satisfying process.  For example, an entrepreneur with the abilities to make effective knives would barter his offerings for other need satisfying products/services.  However, optimum trade with this bartering process had a serious limitation.  Trading could not take place in cases where demand and [...]

August
15
2011

An entrepreneur is a person, who have entrepreneurial abilities and utilizes these abilities to practices entrepreneurship. The term entrepreneurship can be defined as: “The ability to provide better and/or new solutions to general problems people have. These solutions are in the form of products and services which are sold at a profit in the market [...]