The term ‘entrepreneurship’ which is derived from the verb ‘entreprende’ meaning ‘to undertake’, pertained to which activity originally?

Economic Military Science None of the above

Military

The term ‘entrepreneurship’ (derived from the verb ‘entreprende’ meaning ‘to undertake’) pertained not to economics but to undertaking of military expeditions. The term ‘entrepreneur’ was first introduced in economics by the early 18th century French economist Richard Cantillon. In his writings, he formally defined the entrepreneur as the “agent who buys means of production at certain prices in order to sell the produce at uncertain prices in the future”.