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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
Solution
A 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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RELATED QUESTIONS
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Write short note of Qualities of an Entrepreneur?
Write answer in 'one' or 'two' paragraph :
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Answer in detail
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Distinguish between the following:
Insurable risk and non-insurable risk
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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 |
