Advertisements
Advertisements
Question
The reward of an entrepreneur is in the nature of ______.
Options
contractual income
residual income
constant income
positive income
Advertisements
Solution
The reward of an entrepreneur is in the nature of residual income.
Explanation:
RELATED QUESTIONS
Primary factors are
Derived factors are ______ and ______.
Entrepreneurship is otherwise called ______.
What are the primary factors of production?
Explain complex division of labour with the help of an example.
Define capital.
Explain any three characteristics of capital.
What do you understand by the term 'Capital formation'?
Explain any three factors which affect capital formation.
The Indian labour suffers from low efficiency. Explain your answer with three reasons for low efficiency of Indian labour.
What do you understand by ‘changing pattern of land use’?
Explain any three such changes causing destruction to the ecosystem.
Identify the factors of production of the following case and differentiate between them.
An active and passive factor of production.
Which of the following is not a correct match?
Match the following and select the correct option.
| Factor of Production | Reward of factor of production | ||
| (i) | Land | (A) | Wage |
| (ii) | Labour | (B) | Profit |
| (iii) | Capital | (C) | Rent |
| (iv) | Entrepreneur | (D) | Interest |
All factors of production are equally mobile.
Match the following:
| Column I | Column II |
| 1. Factors of production | P. Human resources |
| 2. Land | Q. Man-made resources |
| 3. Capital | R. Economic resources |
| 4. Entrepreneur | S. Natural resources |
Choose the correct alternative:
Match the following:
| Factor of Production | Characteristic |
| A. Land | (i) Subject to depreciation |
| B. Mannual labour | (ii) Risk and Bearing |
| C. Capital | (iii) Permanent |
| D. Entrepreneur | (iv) Involves physical work |
Choose the correct alternative:
Why is capital called a 'produced means of Production?
Define production.
Which of the following is an example of "Land" as a factor of production?
What does "Labour" refer to in the context of production?
Which statement best represents "Capital" in production?
Who is called an "Entrepreneur" in the factors of production?
Why are all four factors (Land, Labour, Capital, Entrepreneurship) important?
