Profit is given for bearing uncertainty explain in economics
Answers
Answered by
1
The Knight's Theory of Profit was proposed by Frank. H. Knight, who believed profit as a reward for uncertainty-bearing, not to risk bearing. ... Such as risks due to the fire, theft, or accident are calculable and hence can be insured in exchange for a premium
Answered by
2
Definition: The Knight's Theory of Profit was proposed by Frank. H. Knight, who believed profit as a reward for uncertainty-bearing, not to risk bearing. ... Such as risks due to the fire, theft, or accident are calculable and hence can be insured in exchange for a premium.
Hope it will help u...
Plz mark as brainlist......
Similar questions
Business Studies,
6 months ago
English,
6 months ago
Science,
6 months ago
Environmental Sciences,
1 year ago
Math,
1 year ago
Science,
1 year ago