Economy, asked by snehakhanolkar00, 3 months ago

1. Which is the only factor of production that earns profit ? Why?

Answers

Answered by marvaminuva

(e) Entrepreneur is the only factor of production that earns profit because in the entire business sphere no other factor of production shares the loss incurred by the entrepreneur. Entrepreneur is one, who performs all the functions associated with entrepreneurship (including risk bearing).

Answered by sajanantony25

Answer:

An entrepreneur earns profit with his innovative ideas, efficiencies and willingness to take risks. Hence, an entrepreneur is the only factor of production which earns a profit.

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