Economy, asked by nshreya803, 10 months ago

income earned by an entrepreneur is residual in nature. Explain.​

Answers

Answered by sahinparveen10
2

Answer:

Income earned by an entrepreneur is residual in nature. ... Income earned by an entrepreneur is residual in nature as the entrepreneur bears the risk and the reward for bearing the risk is profit. The word entrepreneur is derived from the French word, entreprendre, which means 'to undertake'.

Answered by mailsaanvijha
0

Answer:

Explanation:

Income earned by an entrepreneur is residual in nature. ... Income earned by an entrepreneur is residual in nature as the entrepreneur bears the risk and the reward for bearing the risk is profit. The word entrepreneur is derived from the French word, entreprendre, which means 'to undertake'.D

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