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प्रश्न
The income earned by an entrepreneur is residual in nature. Explain.
उत्तर १
Entrepreneurs' income is residual in nature, as they bear risk, and the reward of risk is profit. Profit is the income remaining after deducting all the direct and indirect expenses.
उत्तर २
An ecosystem is a group of living and non living though that work together in a particular geographical area.
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संबंधित प्रश्न
Explain the role of an entrepreneur in the economic development of the country.
Define the term ‘Entrepreneur’.
Distinguish between an entrepreneur and an organiser.
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.
Discuss the risk-bearing functions of an entrepreneur.
The entrepreneur is also called
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.
Mention the characteristics of an entrepreneur.
The entrepreneur is also called ______.
The ______ has to decide the reward for each factor of production.
The picture above shows which factor of production.
______ is the most important and specific 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.
Which is the only factor of production that earns profits? Why?
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
Explain the importance of an entrepreneur.
"Entrepreneurs are innovators" said Schumpeter. Explain briefly.
Name the factor of production to which uncertainty-bearing belongs.
