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प्रश्न
State any two differences between an entrepreneur and other factors of production.
State one difference between an entrepreneur and other factors of production.
उत्तर १
Entrepreneurs and other factors of production:
- An entrepreneur is a person who carries the risk of business and coordinates the activities of all the other factors of production.
- An entrepreneur earns a profit with his innovative ideas, efficiencies and willingness to take risks. Hence, an entrepreneur is the only factor of production which earns a profit.
उत्तर २
| Entrepreneur | Other Factors of Production | |
| (1) | An entrepreneur carries the risk of business. | All other factors of production have nothing to do with the risk of business. |
| (2) | The income of an entrepreneur is residual in nature. | Incomes from all other factors are contractual. |
| (3) | An entrepreneur brings other factors together, viz. land, labour and capital. | Land, labour and capital are scattered at different places. |
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संबंधित प्रश्न
Discuss three ways by which an entrepreneur promotes economic growth.
Distinguish between an entrepreneur and an organiser.
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.
Write the three characteristics of entrepreneur.
Mention any three decision making functions of an entrepreneur.
The ______ has to decide the reward for each factor of production.
In the realm of economic development, how does the role of entrepreneurs impact the overall growth and stability of a nation.
______ is the most important and specific function of an entrepreneur.
Identify the correct statement from the following:
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?
Discuss the three functions of 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
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
Explain the importance of an entrepreneur.
'An entrepreneur is an organiser but an organiser need not be an entrepreneur'. Explain.
Name the factor of production to which uncertainty-bearing belongs.
