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Question : The remuneration of the entrepreneur in production is

Option 1: pure profit 

Option 2: gross profit 

Option 3: net profit 

Option 4: super-normal profit 


Team Careers360 20th Jan, 2024
Answer (1)
Team Careers360 21st Jan, 2024

Correct Answer: net profit


Solution : The correct answer is net profit.

There are four factors of production in an economy. They are land, labour, capital and entrepreneurship. Remuneration from land is revenue, labour remuneration is wages, capital gets interest and entrepreneurs earn net profit. These are the building blocks of an economy.

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