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 ...
adjective. The definition of incipient is in the beginning stages. An example of incipient is a brand new idea for solving a scientific problem. Incipient brain-disease compelled him to withdraw from official life in November 1863, and he died at Spandau on the 26th of August 1865. 2  It may lead to an incipient asphyxiation, as the supply of oxygen may be greatly interfered with and the escape of carbon dioxide may be almost stopped.