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Questions
Differentiate between an entrepreneur and labour on the basis of:
- Nature of work
- Nature of risk involved
Mention two ways in which an entrepreneur is different from labour.
Distinguish Between
Solution
| Points | Entrepreneur | Labour |
| Nature of work | An entrepreneur organises production, managers the business and takes all important decisions regarding production. | Labourer is a paid worker and get wage in lieu of services provided by him. |
| Nature of Risk Involved | An entrepreneur bears all risks involved in production. | Labourer does not bear any risks, and except the risk of losing the job. |
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Distinction Between Labour and Entrepreneur
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