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Both labour and entrepreneur are human factors of production. Is there any difference between them? Explain any two such differences. - Economic Applications

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प्रश्न

Both labour and entrepreneur are human factors of production. Is there any difference between them? Explain any two such differences.

What is the difference between a labourer and an entrepreneur?

फरक स्पष्ट करा
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उत्तर

  Labour Entrepreneur
1. Labour resources contribute to the creation of products and services. Labour is generally involved in operational parts of businesses, such as operating machines. Entrepreneurs play an important part in creating a firm. An entrepreneur is responsible for discovering opportunities, organising resources, and developing plans.
2. Labour is focused on execution of tasks. Entrepreneurs are mostly concerned with developing new ideas and providing leadership to move the business forward.
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पाठ 1: Factors of Production - Exercise [पृष्ठ ३१]

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गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
पाठ 1 Factors of Production
Exercise | Q 39. (i) | पृष्ठ ३१
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