Advertisements
Advertisements
Question
The ______ has to decide the reward for each factor of production.
Options
Organiser
Worker
Consumer
Entrepreneur
Solution
The Entrepreneur has to decide the reward for each factor of production.
APPEARS IN
RELATED QUESTIONS
Why is the income of an entrepreneur residual in nature? Discuss any three functions of an entrepreneur.
The income earned by an entrepreneur is residual in nature. Explain.
Mention five qualities of a good entrepreneur.
Which of the following is not a function of an entrepreneur?
Identify the correct statement from the following:
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 decision-making function of an entrepreneur.
