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Question
Labourers get ______ for the task they perform, whereas entrepreneurs hope to get ______ for the risk they take in a business.
Options
Rent and profit
Wage and profit
Profit and wage
Wage and interest
Solution
Labourers get a wage for the task they perform, whereas entrepreneurs hope to get a profit for the risk they take in a business.
Explanation:
- Labourers receive wages as compensation for the work they perform, while entrepreneurs hope to earn profit as a reward for the risks they take in starting and managing a business.
- Wages are fixed, while profit depends on the success of the business.
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