A WORD A DAY.
ENTREPRENEUR. This word is again appearing rather often in the press. Perhaps the definition by J. B. Clark will meet out needs; he writes; “The whole annual gains of society . . . distribute themselves into ... the earnings of labour, the earnings of capital, and the gains from a certain coordinating process that is performed by the employers of labour and users of capital. This purely coordinating work we shall call the entrepreneur’s function, and his rewards for it we shall call profits.” An entrepreneur, then, • is an employer who undertakes the risk and management of a business, one, in other words, who “runs” a business, big or small.
The words was incorporated into English in spelling and sense directly from the French entrepreneur, a word which, like our “enterprise,” is derived from the late Latin interprendere, “to undertake,” compounded of inter, “among,” and prehendere, “to take in hand.”
En-tre pre-neur calls for principal accent on the last syllable and is pronounced as though spelled an-tP-pre-nur in which the a is as in arm, first n as in the French bon, e as in maker, u as in urn. The function of an entrepreneur consists in establishing and maintaining efficient relations between the agents of production.*
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Bibliographic details
Southland Times, Issue 21480, 24 August 1931, Page 8
Word Count
207A WORD A DAY. Southland Times, Issue 21480, 24 August 1931, Page 8
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