--%>
Assignment Help - homework help

Function to organizing productive resource to earn profit

Can someone explain me with best solution regarding problem of organizing productive resource and innovating new products...

Organizing another productive resource, innovating new products and production methods, and willingness to bear risks and doubt in hopes of earning a profit are central to the function of: (i) entrepreneurs. (ii) speculators. (iii) laborers. (iv) arbitragers. (v) lenders.

   Related Questions in Public Economics

  • Q : Define the term Prices in prices and

    Prices are: (w) used to ration free goods and resources. (x) zero for several scarce goods and resources. (y) the merely efficient way to assign luxury goods. (z) one mechanism for rationing scarce goods and resources.

    Q : Bad motives make wrong decisions Which

    Which economic philosopher would have been most probably to have asserted which people do not have bad motives while they make wrong decisions; quite, they make bad computations? (w) Thomas Malthus. (x) Sir Edwin Chadwick. (y) Nassau Senior. (z) Jeremy Bentham. <

    		•
  • Q : Earn zero profit in long run by

    Which of the given statements is right?: w) Economic profit takes within account all costs involved within producing a product. x) Accounting profit is not relevant within preparing the firm's financial statement. y) Economic profit all the time exceeds accounting pro

    		•
  • Q : FUNDAMENTAL economic problems of

    Society's FUNDAMENTAL economic problems do NOT comprise deciding: (w) what goods to produce. (x) how to produce the goods selected. (y) what occupation each person must pursue. (z) who must find to use the goods produced.

    Q : Building and capital tools production

    Buildings and capital tools can't produce anything without labor, showing such that labor is: (i) a productive resource. (ii) the merely productive resource. (iii) exploited through capitalists. (iv) the key to technology. (v) a provider of entreprene

    		•
  • Q : Scaring people of a commodity or service

    Hello guys I want your advice. Please recommend some views for given problem that when are people of a commodity or service scarce: (1) gain from having this obtainable, (2) Wish more than the amount freely obtainable, (3) Say no to p

    		•
  • Q : What does an unessential complicated

    Unessential complicated theories violate: (w) common sense. (x) the principle of nonsatiety. (y) the laws of demand and supply. (z) Occam's razor. Please gues I really need one good answer from the above options.

    		•
  • Q : Mixed economy of a market system

    Whenever compared to a mixed economy which relies primarily on the market system, the society which relies relatively greatly on brute force, queuing, and arbitrary selection tends to experience: (1) Powerful reducing returns. (2) Opportunity costs to drop. (3) Fast t

    		•
  • Q : Using knowledge for applying energy to

    I want a good answer on the topic of Economic problems. Please give me your suggestion that using knowledge for applying energy to create materials more valuable is termed as: (i) Economic profit, (ii) Innovation, (iii) Servicing, (iv) production and&

    		•
  • Q : Uses of Normative Economics over

    Can anybody propose the proper explanation for specified problem regarding Normative Economics. Positive economic analysis might NOT be used to test the idea which higher cigarette taxes would reas

    		•