JAMB UTME - Economics - 2020 | Green Bridge CBT

Question 1 Report

Which of the following rewards is associated with entrepreneurship

salaries

profits

interest

rent

Answer Details

Profits are the most commonly associated reward with entrepreneurship. This is because in entrepreneurship, individuals start their own business with the goal of creating a product or providing a service that they can sell for more money than it cost to produce. The difference between the cost of production and the revenue received is referred to as profit. If the business is successful, the entrepreneur can receive a significant amount of money in the form of profits.






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