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Explain the importance of an entrepreneur. - Economic Applications

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प्रश्न

Explain the importance of an entrepreneur.

संक्षेप में उत्तर

उत्तर

  1. By establishing production units, entrepreneurs not only invest their own resources but also mobilise public funds through debt, equity.
  2. Entrepreneurs provide employment to job seekers, which is one of the basic goals of economic development.
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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 ३४]

APPEARS IN

गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
अध्याय 1 Factors of Production
QUESTION BANK | Q 27. | पृष्ठ ३४
गोयल ब्रदर्स प्रकाशन Economic Application [English] Class 10 ICSE
अध्याय 4 Factors of Production
QUESTION BANK | Q 30. | पृष्ठ १२०

संबंधित प्रश्न

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


Discuss three ways by which an entrepreneur promotes economic growth.


State any two differences between an entrepreneur and other factors of production.


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.


Write the three characteristics of entrepreneur.


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


The ______ has to decide the reward for each factor of production.


The picture above shows which factor of production.


Which of the following is not a function of an entrepreneur?


______ 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?


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


'An entrepreneur is an organiser but an organiser need not be an entrepreneur'. Explain.


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


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