Answer to Question #197751 in Marketing for Vivan

Question

Explain the historical background of enterprinuership

Answer 1

Human trading started in 1700 BCE when New Guinea traders exchanged obsidian, a black volcanic glass used to make hunting arrowheads for other needed goods. The entrepreneurs were traders and merchants. People in those early ages started engaging in agriculture instead of normadic life. They could use this agricultural produce to exchange with what they did not have. Agriculture led to stable societies which enabled people to specialize where some people could be fishermen, farmers, hunters and gathering, cooking, tool making among others. This led to greater development of entrepreneurship as people strives to get what they didn't produce.