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 ...
Definition of sap. 1  1a : the fluid part of a plant; specifically : a watery solution that circulates through a plant's vascular systemb (1) : a body fluid (as blood) essential to life, health, or vigor (2) : bodily health and vigor. 2  2 : a foolish gullible person. 3  3 [probably short for sapling] : blackjack, bludgeon.