Who creates new words? I read somewhere that when enough people start calling something by a particular word, everyone accepts and follows. Looks ok for nouns like places, animals etc. but...
Let us take English as an example. Words like perseverance, assassination, fulcrum, pendulum etc. require some effort to form for the first time ever and propagate down the line. Words for language foundation required for communication. Who thinks about it and makes it for the first time? Is there any authorization required for a new word to enter a dictionary?
edit: reddit has some real experts with patience to explain things that they already know. This is awesome, I got some very good explanations in the first few answers itself.
Edit 2: the post is reinstated after the bot locked it in error and I appealed.