The document traces the emergence of entrepreneurship from pre-industrial to post-industrial eras. It discusses how entrepreneurship began with trade and the agricultural revolution before the industrial age fueled a shift to large-scale production. The industrial revolution introduced new sources of energy and available labor that changed small-scale production. Surveys found that early British innovators during this period came from manufacturing, artisan, and peasant backgrounds. Entrepreneurship continued evolving after World Wars and is impacted by economic, social, and psychological factors that drive people to address demand through supply.

1. Emergence of
Entrepreneurial Class
(World)
Presented by:
Aman Jaiswal
Semester III (MBA – M52)
MONIRBA, University of Allahabad

2. Introduction
The term entrepreneur was originated
from the French word “Entrependure”
which means one who undertakes.
Richard Cantillon, an Irishman defined
entrepreneur as a person who buys
factor services at certain prices for selling
his product at uncertain prices in future .
He viewed entrepreneur as a bearer of
non insurable risk.

3. Pre Industrial Revolution
The Beginning of Entrepreneurship &
Trade
Entrepreneurship & The Agricultural
Revolution
Expansion of Trade Routes from 2000 BC
Onwards

4. Post Industrial Revolution
The Industrial Age & Entrepreneurship:
 It marked yet another profound shift in the
history of entrepreneurship.
 Invention of Steam Engine resulted in
Industrial Revolution(1769)
 It changed small scale production to large
scale production

5. The Industrial Age & Entrepreneurship:
Two factors which fuelled this fundamental
change are:
 Availability of Energy Production
 Availability of Labour

6. Occupational Origin
Prof Ashton conducted a survey in which he
selected 47 British Innovators of Industrial
Revolution period. Out of them....
S.N Number of Persons Occupation
1 17 Manufacturing proprietors
2 10 Artisans
3 12 Peasants
4 04 Traders- Consumer goods
Industry
5 04 Professional Men

7. Social Origin
They were outsiders and worked in Trade /
Finance rather than manufacturing industries.
Prof Geertz in 1963 conducted a survey in
Lebanon and found that 80% of the
Entrepreneurs were Christians and only 16%
were Muslim entrepreneurs

8. Post Revolution Continued
Post World War 2 Entrepreneurship
Modern Entrepreneurship

9. Factors Impacting Emergence of
Entrepreneurship
Economic Factors :
 Capital
 Labour
 Raw Materials
 Market
 Infrastructure

10. Social Factors :
 Caste factor
 Family background
 Education
 Attitude of the society
Psychological factors:
 Need achievement
Political factor

11. Conclusion
As the year went by ,the means of
entrepreneurship changed dramatically but
the core reasons for entrepreneurship
remained the same .Everywhere in the world
entrepreneurs arose to address demand by
providing supply. They innovated and invented
new technologies to solve problems that
nobody had ever solved before.