Question

Labourers get ______ for the task they perform, whereas entrepreneurs hope to get ______ for the risk they take in a business.

Options

• Rent and profit

• Wage and profit

• Profit and wage

• Wage and interest

Answer 1

Labourers get a wage for the task they perform, whereas entrepreneurs hope to get a profit for the risk they take in a business.

Explanation:

• Labourers receive wages as compensation for the work they perform, while entrepreneurs hope to earn profit as a reward for the risks they take in starting and managing a business.
• Wages are fixed, while profit depends on the success of the business.