In this way, the evolution of the concept of entrepreneur evolved over more than four centuries, have undergone drastic changes. The word ‘entrepreneur’ was used icier to economic aspects during early 18th century. He was also recognized as the key element generating investment opportunities for new industries.
The industrial revolution gave a special status to the entrepreneur. It was also extended to cover civil engineering activities such as construction and fortification during this century. The role industrialization in the 17th century brought the importance of entrepreneurs as a separate factor and a contributor for the production. In the early 16th century, it was applied to those who were engaged in military expeditions. The word ‘entrepreneur’ has been taken from the French language, where it cradled originally meant to designate an organiser of musical or other entertainments.
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