3 Views

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.

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
GRE ® Registrations 2024
Apply
Apply for GRE® Test now & save 10% with ApplyShop Gift Card | World's most used Admission Test for Graduate & Professional Schools
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books