This document discusses economic theories of entrepreneurship. It provides definitions of entrepreneurship from various scholars such as Shane and Venkataraman who define it as involving lucrative opportunities and enterprising individuals. It examines key questions about who entrepreneurs are, what they do, why and how they do it, and where. It discusses the history of thought on entrepreneurs and provides definitions from scholars like Drucker, Stevenson, and Venkataraman. It also summarizes theories on entrepreneurial personality from scholars like McClelland and theories on entrepreneurial types.