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Distinguish between an entrepreneur and an organiser. - Economic Applications

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प्रश्न

Distinguish between an entrepreneur and an organiser.

What is the difference between an entrepreneur and an organizer?

अंतर स्पष्ट करें

उत्तर १

Entrepreneur and organiser:

  1. An entrepreneur is a person who carries the risk of business and coordinates the activities of all the other factors of production.
  2. An organiser performs only the functions of an organisation but does not perform the other functions of an entrepreneur.
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उत्तर २

  Entrepreneur   Organiser
(i) A person who organises the business by coordinating the activities of other factors of production. (i) An organiser performs all the organisational functions.
(ii) He bears all the risk. (ii) An organiser does not bear any risk.
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Factors of Production Entrepreneur
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 1: Factors of Production - QUESTION BANK [पृष्ठ ३३]

APPEARS IN

गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
अध्याय 1 Factors of Production
QUESTION BANK | Q 24. | पृष्ठ ३३
गोयल ब्रदर्स प्रकाशन Economic Application [English] Class 10 ICSE
अध्याय 4 Factors of Production
QUESTIONS | Q 23. | पृष्ठ ११५
गोयल ब्रदर्स प्रकाशन Economic Application [English] Class 10 ICSE
अध्याय 4 Factors of Production
QUESTION BANK | Q 28. | पृष्ठ १२०
गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
अध्याय 1 Factors of Production
Exercise | Q 40. | पृष्ठ ३१

संबंधित प्रश्न

Explain the role of an entrepreneur in the economic development of the country.


Define the term ‘Entrepreneur’.


A businessman stocks potatoes in the cold storage during the winter and releases that stock during summer. Will this be considered as production? Give a reason for your answer.


The income earned by an entrepreneur is residual in nature. Explain.


Discuss the risk-bearing functions of an entrepreneur.


Mention five qualities of a good entrepreneur.


Students to know about the characteristics of entrepreneur, Set up your classroom like a industry. Some Students are asked to act like a businessman, Do the industries activities. Teacher and students together discuss the entrepreneur and their important of development of society.


Mention the characteristics of an entrepreneur.


Both labour and entrepreneur are human factors of production. Is there any difference between them? Explain any two such differences.


Mention any three decision making functions of an entrepreneur.


The picture above shows which factor of production.


______ is a person who starts a business.


______ should have the quality of farsightedness.


Which is the only factor of production that earns profits? Why?


What is an entrepreneur?


Discuss the decision-making function of an entrepreneur.


Most of the functions of an entrepreneur are performed by paid professionals. With a suitable example, explain the following function performed by an entrepreneur:

Uncertainty Bearing


'Entrepreneur is not labour even though there are human factors associated with the same business'. Explain.


Explain the importance of an entrepreneur.


"Entrepreneurs are innovators" said Schumpeter. Explain briefly.


Name the factor of production to which uncertainty-bearing belongs.


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