History of Entrepreneurship

Kolesnik Tatyana N., Demidova Aleksandra S. and Kolesnik Dmitriy A.
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Kolesnik Tatyana N.: Kharkiv National Academy of Municipal Economy
Demidova Aleksandra S.: V. N. Karazin Kharkiv National University
Kolesnik Dmitriy A.: Kharkiv National Academy of Municipal Economy

Business Inform, 2013, issue 1, 332_334

Abstract: Historically entrepreneurial activity is a multifold phenomenon that is developing rapidly and has an origin in antiquity. First so-called businessmen started their business enriching themselves by means of violence, in particular by robberies and swindles. Development of domestic and foreign trade in Ancient Greece, China, Rome and Near East caused the appearance of businessmen in the sphere of usury and trade. Traders borrowed money from usurers under the high interest to purchase goods and then sell them abroad putting a double price. Thus they gave back their debts and interests to usurers. As a result both sides had essential benefits.

Keywords: entrepreneur; violence; swindle; usurer; mercantilism; market relations; money circulation; price; economy management (search for similar items in EconPapers)
Date: 2013
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