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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.
State any two differences between an entrepreneur and other factors of production.
Distinguish between an entrepreneur and an organiser.
The income earned by an entrepreneur is residual in nature. Explain.
Students to know about the characteristics of entrepreneur, Set up your classroom like a industry. Some Students are asked to act like a businessman, Do the industries activities. Teacher and students together discuss the entrepreneur and their important of development of society.
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 is the only factor of production that earns profits? Why?
State two ways through which an entrepreneur contributes towards economic development.
'An entrepreneur is an organiser but an organiser need not be an entrepreneur'. Explain.
