Researchers in different fields are constantly trying to standardize the definition of entrepreneurship, and at the same time specify factors that determine it and account for influence it has on economic development and growth. Hence, a study into the literature about entrepreneurship is based not only on conceptions created in the course of research conducted by economists, but also the ones carried out by sociologists, psychologists or experts on culture. Cantillon, a French economist who lived in the 18th century, created the notion of entrepreneurship. He was the first one who created the conception of entrepreneur and determined the relationship between entrepreneurial behaviour of an individual and a particular economic system. He based this collation on three pillars, namely landowners, entrepreneurs, and wage workers. Cantillon noticed that there were divergences between demand and supply on the market, which made it possible to buy something at a lower price and sell it at a higher price. He claimed that entrepreneurs were people able to notice such opportunities and rise profits (Blaug, 2000, p.471). Moreover, he described them as individuals whose actions aimed at making so-called market arbitrage understood as “buy at a low price and sell at a high price.” The author highlighted that this way of acting did not require entrepreneur to have his/her own means or be personally involved in the production of goods and services. His/her motivation to raise profit as well as awareness of and readiness to take risk connected with this kind of activity was of the greatest importance. Furthermore, Cantillon had also defined entrepreneurship as the ability to notice opportunities emerging on the market and grab them despite market unbalance. The divergence between potential demand for a particular product or service and its actual number on the market enables entrepreneur to make profit, which motivates him/her to take effective a