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Question
Name the factor of production to which uncertainty-bearing belongs.
Solution
Entrepreneur
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RELATED QUESTIONS
Define the term ‘Entrepreneur’.
State any two differences between an entrepreneur and other factors of production.
A businessman stocks potatoes in the cold storage during the winter and releases that stock during summer. Will this be considered as production? Give a reason for your answer.
Students to know about the characteristics of entrepreneur, Set up your classroom like a industry. Some Students are asked to act like a businessman, Do the industries activities. Teacher and students together discuss the entrepreneur and their important of development of society.
The entrepreneur is also called ______.
The ______ has to decide the reward for each factor of production.
______ is a person who starts a business.
______ earns income in the form of profit as a factor of production.
Which function of an entrepreneur allows him to decide the reward that each factor of production should get?
A network of good entrepreneurs will help to generate ______.
______ should have the quality of farsightedness.
Which is the only factor of production that earns profits? Why?
State two ways through which an entrepreneur contributes towards economic development.
Discuss the three functions of an entrepreneur.
Discuss the decision-making function of an entrepreneur.
Explain the importance of an entrepreneur.
