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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
Distinguish between an entrepreneur and an organiser.
Why is the income of an entrepreneur residual in nature? Discuss any three functions of an entrepreneur.
In the realm of economic development, how does the role of entrepreneurs impact the overall growth and stability of a nation.
Which of the following is not a 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.
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
'Entrepreneur is not labour even though there are human factors associated with the same business'. Explain.
