alleryMatch venture roles: 1. Firm: p. New value 2. Risk: q. Bear loss 3. Reward: r. Profit
A1-p, 2-q, 3-r
B1-p, 2-r, 3-q
C1-q, 2-p, 3-r
D1-r, 2-p, 3-q
Answer & Solution
Correct answer: A. 1-p, 2-q, 3-r
Entrepreneurship creates economic value through new ventures while bearing financial risks in pursuit of profit.
Keep practising Factors of Production: Land, Labour, Capital & Enterprise
Browse all Factors of Production: Land, Labour, Capital & Enterprise questions for ICSE Class 10, or explore more Economics topics.
Related questions
Match market vision:
1. Eye: p. Unmet need
2. Gap: q. Underserved
3. Taste: r. DemandMatch Say origins:
1. Root: p. Undertake
2. Say: q. Shift input
3. Yield: r. High gainMatch valuation limits:
1. Used: p. Old asset
2. Price: q. Revalue
3. Soft: r. IntangibleMatch Kirzner view:
1. Alert: p. Opening
2. Gap: q. Price diff
3. Step: r. DiscoveryMatch intangible forms:
1. Human: p. Tacit
2. Brand: q. Goodwill
3. IP: r. PatentMatch Penrose theory:
1. Penrose: p. Team
2. Firm: q. Resources
3. View: r. EnterpriseMatch inventory PIM:
1. PIM: p. Perpetual
2. Scrap: q. Retire
3. Flow: r. InvestMatch Schumpeter roles:
1. New: p. Innovation
2. Break: q. Creative
3. Firm: r. Manager