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प्रश्न
"Entrepreneurs are innovators" said Schumpeter. Explain briefly.
"Entrepreneurs are innovators" Briefly explain.
उत्तर
According to Schumpeter, innovation is the most important function of an entrepreneur. The entrepreneur may introduce a new product, improve the old product, use new methods of production, find a new market for the product or find a new or cheaper source of raw materials. In this way, an entrepreneur is an innovator.
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संबंधित प्रश्न
Discuss three ways by which an entrepreneur promotes economic growth.
State any two differences between an entrepreneur and other factors of production.
Distinguish between an entrepreneur and an organiser.
Why is the income of an entrepreneur residual in nature? Discuss any three functions of an 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.
The entrepreneur is also called ______.
______ is a person who starts a business.
Identify the correct statement from the following:
______ earns income in the form of profit as a factor of production.
Which function of an entrepreneur allows him to decide the reward that each factor of production should get?
A network of good entrepreneurs will help to generate ______.
______ should have the quality of farsightedness.
Which is the only factor of production that earns profits? Why?
State two ways through which an entrepreneur contributes towards economic development.
What is 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
Most of the functions of an entrepreneur are performed by paid professionals. With a suitable example, explain the following function performed by an entrepreneur:
Innovations
'Entrepreneur is not labour even though there are human factors associated with the same business'. Explain.
'An entrepreneur is an organiser but an organiser need not be an entrepreneur'. Explain.
