Advertisements
Advertisements
प्रश्न
When an entrepreneur introduces a new technique or a new product, it is called ______.
विकल्प
Invention
Innovation
Expansion
Inspiration
Advertisements
उत्तर
When an entrepreneur introduces a new technique or a new product, it is called Innovation.
Explanation:
Innovation refers to introducing a new technique, product, or idea. When an entrepreneur introduces something new, whether a product or a process, it is considered an innovation. This can lead to more efficient production, new market opportunities, or improved products.
APPEARS IN
संबंधित प्रश्न
With the help of a suitable diagram, explain the following degree of elasticity of supply.
Es = ∞
Define a relatively elastic supply.
Identify the value of elasticity of supply for the supply curve OS and S1S2.

Identify the elasticity of supply for the following with proper reasoning:
Nature of the entrepreneurs.
What is the degree of elasticity of supply in the diagram?

When price of a·product rises by 10% its quantity supplied also rises by 10%. Find out price elasticity.
Pick the option which does not belong to the group.
When the percentage change in the quantity supplied of a commodity is exactly equal to the percentage change in its price it is known as ______.
A linear supply curve starting from the origin making an angle of 75 degree with X-axis will have ______.
Price of a product increases by 2%. As a result, its supply rises by 4%. What is elasticity of supply of the commodity?
Price elasticity of supply is likely to be ______ in the long run.
Draw and briefly explain a perfectly inelastic supply curve.
The price of a commodity rises from ₹ 20 to ₹ 40 Consequently, its supply increases from 100 units to 400 units. Calculate price elasticity of supply.
Draw and briefly explain a perfectly elastic supply curve.
Indicate the degree of elasticity on the supply curve given below:

What do you mean by elastic supply?
What do you mean by perfectly inelastic supply?
With the help of a suitable diagram, explain the following degree of elasticity of supply.
Es > 1
