Advertisements
Advertisements
Question
Distinguish between the following:
Labour and entrepreneur
Solution
|
Labour
|
Entrepreneur
|
|
It refers to the exertion by the human body and mind, with the objective of earning a living.
|
It refers to the person who undertakes the task of production. He organises the activities, controls the activities related to production and distribution, and bears the risk of failure of the business.
|
|
They receive wages in return for their services.
|
They receive profits in return for their services.
|
APPEARS IN
RELATED QUESTIONS
An entrepreneur is called a leader of the organization.
Functions of an Entrepreneur.
Define or explain the following concepts:
Entrepreneur
Write short notes on Risk and uncertainty-bearing function of an entrepreneur.
Write short note of Qualities of an Entrepreneur?
Write answer in 'one' or 'two' paragraph :
Write the functions of an entrepreneur.
Distinguish between Man-made factors and Natural factors.
State with reason whether you agree or disagree with the following statement.
Profit is a reward for bearing risk only.
State with reason whether you agree or disagree with the following statement.
Labour is a perishable factor of production.
State with reason whether you agree or disagree with the following statement.
All risks are insurable.
Answer in detail
Entrepreneur is the 'captain of an industry', explain.
Explain in detail the functions of an entrepreneur.
Distinguish between the following:
Insurable risk and non-insurable risk
Write short note on the following:
Qualities of an entrepreneur
Define or explain the following concept:
Entrepreneur
Give reason or explain:
The entrepreneur is called a leader of the organization.
Match the following:
|
Group A
|
Group B
|
| 1. Production |
a. Profit
|
| 2. Land |
b. Captain of industry
|
| 3. Labour |
c. Creating utility
|
| 4. Reward of capital |
d. Rent
|
| 5. Reward of entrepreneur |
e. Interest
|
|
|
f. Wages |
Fill in the blank with appropriate alternative given below
__________ is a leader of organisation.
