Definition of the word business person

The term "business person" is a relatively recent addition to the English language, having emerged in the early 20th century. Its origin can be traced back to the historic transformation of the world economy from an agrarian to an industrial one, which led to the growth and diversification of commercial activity. Before the 19th century, the words "merchant," "trader," and "entrepreneur" were commonly used to describe individuals engaged in business activities. However, as the nature of business changed, a new term was needed to encompass the wider range of roles and responsibilities involved in running a business in the modern world. The first documented use of "business person" can be found in a 1910 article in the New York Times, which described a group of individuals gathered at a politically-themed event as "a typical gathering of business people from New York." Since then, the phrase has gained widespread usage and is now widely recognized and accepted as a term to describe individuals involved in various aspects of business activity, from small start-ups to multinational corporations. Over time, the term has come to represent a broader understanding of the role and responsibilities of individuals engaged in business, beyond just profit-making and commercial activity, to include considerations such as innovation, ownership, entrepreneurship, and management. In summary, the term "business person" has evolved to more accurately reflect the complex and multifaceted nature of modern-day business activity, moving beyond the narrow confines of traditional definitions to encompass a wider range of roles and responsibilities.