--%>

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 : Standard step to make a new economic

    A standard step while making a new economic theory is to: (w) properly blend normative and positive perspectives. (x) physically test this in an economics laboratory. (y) see when this predicts behavior in a consistent way. (z) make sure that this con

  • Q : Fee-simple property rights I have a

    I have a problem in economics on Fee-simple property rights. Please help me in the following question. Fee-simple property rights are a broad division of: (i) Common law. (ii) Positive externalities. (iii) Negative externalities. (iv) Public property

  • Q : Illustrates the problem of Productive

    At present, at Bob's Candle shop, Arjuna and Krishna share the jobs of making molds and making candles. Nonetheless, while Arjuna is best at making molds and Krishna is much better at creating the candles, then: (a) Bob’s shop is experiencing allocative although

  • Q : Illustration of Opportunity Cost How

    How can I solve my economics problems? Please suggest me the accurate answer. Harry Homeowner pays three hundred dollar monthly upon a mortgage within a neighbourhood where matching houses rent for eight hundred dollar per month. T

  • Q : Human rights trump property rights I

    I have a problem in economics on Human rights trump property rights. Please help me in the following question. Loosely translated, the laissez-faire signifies: (i) Control and integrate. (ii) Seize the day. (iii) Human rights trump the property rights

  • 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 : Unregulated market competition in

    Adam Smith’s well-known reference to an “invisible hand” implies that: (w) unregulated market competition improves economic welfare. (x) government must closely regulate monopolies. (y) pure competition is a divinely motivated market

  • Q : Determine desirable items without

    Desirable items without opportunity costs are termed as: (i) free goods. (ii) economic goods. (iii) capital goods. (iv) financial goods. (v) gifts of nature. Hey friends please give your view for the problem of opportunity

  • Q : Define a common approach to economics A

    A common approach to economics involves studying how: (i) charging interest on loans can be ethical. (ii) resources are allocated to satisfy human wants. (iii) individuals and government should balance their budgets. (iv) to determine the best bargain

  • Q : Problem regarding Property Rights Can

    Can someone help me in finding out the right answer from the following options. Fee simple rights don’t comprise the right to: (1) Demolish your property. (2) Sell your property. (3) Employ your property for your own advantage. (4) Damage another’s propert