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