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Most of the functions of an entrepreneur are performed by paid professionals. With a suitable example, explain the following function performed by an entrepreneur: Uncertainty Bearing - Economics

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Question

Most of the functions of an entrepreneur are performed by paid professionals. With a suitable example, explain the following function performed by an entrepreneur:

Uncertainty Bearing

Short Note

Solution

There are numerous risks relating to production, investment, and earnings. These risks are unknown, and the entrepreneur faces all of the uncertainties associated with the business organization.

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Factors of Production Entrepreneur
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Chapter 1: Factors of Production - Exercise [Page 32]

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Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 1 Factors of Production
Exercise | Q 18. (ii) | Page 32
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