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 ...
In modern Western philosophy, sentience is the ability to experience sensations (known in philosophy of mind as  qualia ). In Eastern philosophy, sentience is a metaphysical quality of all things that requires respect and care.he concept is central to the philosophy of animal rights, because sentience is necessary for the ability to suffer, and thus is held to confer certain rights.