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Fill in the Blank with Appropriate Alternative Given Below __________ is a Leader of Organisation. - Economics

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Question

Fill in the blank with appropriate alternative given below

__________ is a leader of organisation. 

Options

  • A capitalist

  • A consumer

  • A seller

  • An organizer

MCQ

Solution

capitalist is a leader of organisation.

Explanation:
A capitalist is a person who invests his money in an organisation with the sole objective of making profits. He/she is a firm believer of capitalism. Also, he organises the production process, by hiring services of various factors of production to produce output, and sells the output in the market. In this way, we can say that a capitalist is the leader of an organisation.

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Chapter 7: Factors of Production - Exercise 1 [Page 60]

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Micheal Vaz Economics [English] 12 Standard HSC
Chapter 7 Factors of Production
Exercise 1 | Q 1.5 | Page 60

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