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प्रश्न
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
उत्तर
Innovation is considered an important function of an entrepreneur. The practical application of an invention is called innovation. The entrepreneur has to choose profitable innovations and apply them to earn more and more profits. A progressive entrepreneur always takes the lead in introducing a new product or a new technique of production.
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संबंधित प्रश्न
Discuss three ways by which an entrepreneur promotes economic growth.
The income earned by an entrepreneur is residual in nature. Explain.
Mention the characteristics of an entrepreneur.
______ is a person who starts a business.
______ earns income in the form of profit as a factor of production.
______ should have the quality of farsightedness.
Which is the only factor of production that earns profits? Why?
Discuss the three functions of an entrepreneur.
"Entrepreneurs are innovators" said Schumpeter. Explain briefly.
'An entrepreneur is an organiser but an organiser need not be an entrepreneur'. Explain.
