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Episode 129: What It Takes to Be an Entrepreneur

Exponential Wisdom

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Entrepreneurs Improve Productivity

Entrepreneurs are individuals who enhance productivity by taking resources from a lower level to a higher level. They improve existing resources and create new ones, contributing to progress. According to an 1804 definition by Frenchman John Baptiste, entrepreneurs can utilize any type of resource for this purpose. The term 'entrepreneur' was new at that time and was associated with the industrial revolution.

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