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प्रश्न
Write a note on the Risk-bearing Theory of Profit.
थोडक्यात उत्तर
उत्तर
- Risk – the bearing theory was propounded by F.B.Hawley in 1907.
- Profit is the reward for “risk-taking” in business.
- Every business involves some risks. So risk-taking is an essential function of the entrepreneur and is the basis of profit.
- The higher the risks, the greater are the profit.
- Profit induces entrepreneurs to undertake risks.
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Theories of Profit
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