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.

View Complete Question

Related Questions in Public Economics

Q : Existence problem regarding each and

Can anybody suggest me the proper explanation for existence problem regarding every society. Every society should answer questions regarding “How?, for Whom? and What?” due to the exist

Q : Socialism-ownership of non-human

Can someone please help me in finding out the right answer from the following question. A faith that most of the nonhuman resources must be owned, not by the private individuals, however instead ‘by everyone’ in common, with the govt. as t

Q : Assertion of a normative statement

How can I solve my economics problems? Please suggest me the right answer for an illustration of a normative statement, would be the assertion which: (w) bald men are intelligent. (x) balding advances along with age. (y) bald men must wear toupees. (z) strength and hi

Q : Price Specie-Flow Mechanism-early

The equation ΔMV is equal to ΔPQ while real GDP (which is adjusted for inflation), is fixed is a modern method to distinguish: (w) Adam Smith’s labor theory of value. (x) Francois Quesnay’s circular flow model. (y) Roberto Mich

Q : Issues of normative economic policy

Economic policy matters are usually: (w) simply resolved by positive analysis alone. (x) normative, but workable solutions based on positive analysis. (y) either strictly macroeconomic, or strictly microeconomic. (z) better resolved using common sense

Q : Requirement of goods for economic

I need a good answer on the topic of Economic efficiency. Please suggest me your suggestion that the need for economic efficiency which society should produce the goods people want is termed as: (i) allocative inefficiency. (ii) productive inefficiency. (iii) distribu

Q : Lifelong objectives with utilitarian

To be everlastingly part of an association where utilitarian principles were discussed was between the lifelong objectives of: (w) Jeremy Bentham. (x) Robert Owen. (y) Saint Simon. (z) John Stuart Mill Can someone

Q : Define the specific explanation of

Hey friends please give your opinion for the problem of Economic Analysis that is given below: Economic analysis: (w) focuses only on financial relations. (x) is a step-by-step guide to gaining wealth. (y) centers

Q : Economics as a region of study

Economics like a region of study largely focuses upon: (1) class, power and status relationships. (2) Government policies to cure poverty. (3) Scarcity and decision making. (4) Accounting and financial relationships. (5) profit-maximizing business strategies.

Q : Invisible hand of Adam Smith “

“Invisible hand” of Adam Smith refers to the combined results of: (w) monopoly plus altruism. (x) democracy and freedom. (y) self-interest plus competition. (z) taxes and government regulation.

Discover Q & A

Leading Solution Library

Avail More Than 1415915 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1924962
Asked

3,689

Active Tutors

1415915

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment