This entrepreneurial alertness is crucial to the market process. Disequilibrium represents a situation of widespread market ignorance. This ignorance is responsible for the emergence of profitable opportunities. Entrepreneurial alertness exploits these opportunities when others pass them by.
Sapiens, a Latin word meaning wise, may refer to: Berengarius Sapiens, a designation for Berengar the Wise, the count of Toulouse (814-835) and duke of Septimania (832-835) Felis sapiens (also Felix sapiens), a fictional, sentient, humanoid species from the Red Dwarf television series Gaius Laelius Sapiens (ca. 188 BC-?), a Roman statesman Gildas ...
inÂ·cipÂ·iÂ·ent. adj. Beginning to exist or appear: detecting incipient tumors; an incipient personnel problem.[Latin. , present participle of. , to begin; see inception .].he work of casting, boring, masonry, the transport of workmen, their establishment in an almost uninhabited country, the construction of furnaces and workshops, the plant, the powder, the projectile, and incipient expenses, would, according to the estimates, absorb nearly the whole.