The term 'entrepreneurship' first appeared in the French Dictionary 'Dictionnaire Universal de Commerce' in 1723. Richard Cantillon is considered to be the first economist to define who an entrepreneur is. In his seminal book 'Essai sur la Nature du Commerce en Général', considered the first complete treatise on economics, he defines entrepreneur as non-fixed income earner who pays known costs of production but earns uncertain incomes, due to the speculative nature of pandering to an unknown demand for his/her production (Wikipedia). Since then, perhaps no other term has been redefined, reinterpreted and conveniently adapted with such plasticity across theory and practice.
