Advertisements
Advertisements
Questions
Discuss the risk-bearing functions 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:
Risk Bearing
Solution
The risk-bearing function is the most important function of an entrepreneur. The risk is caused by uncertainties attached to production, investment and profits. Another big risk is technological obsolescence and frequent changes in government policies.
APPEARS IN
RELATED QUESTIONS
Why is the income of an entrepreneur residual in nature? Discuss any three functions of an entrepreneur.
Write the three characteristics of entrepreneur.
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.
The entrepreneur is also called ______.
In the realm of economic development, how does the role of entrepreneurs impact the overall growth and stability of a nation.
The picture above shows which factor of production.
______ is a person who starts a business.
______ is the most important and specific function of an entrepreneur.
What is an entrepreneur?
"Entrepreneurs are innovators" said Schumpeter. Explain briefly.
