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प्रश्न
Which is the only factor of production that earns profits? Why?
उत्तर
- The only aspect of production that generates profits is the entrepreneur, who generates profit as the residual amount after accounting for all other factors of production (land, labour, and capital).
- An entrepreneur is an individual who generates profits by integrating the other factors of production, including land, labour, and capital.
संबंधित प्रश्न
The income earned by an entrepreneur is residual in nature. Explain.
Both labour and entrepreneur are human factors of production. Is there any difference between them? Explain any two such differences.
The picture above shows which factor of production.
Which of the following is not a function of an entrepreneur?
______ 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?
______ should have the quality of farsightedness.
State two ways through which an entrepreneur contributes towards economic development.
Discuss the three functions of an entrepreneur.
Explain the importance of an entrepreneur.
