JAMB - Economics (2020 - No. 17)
Which of the following rewards is associated with entrepreneurship
salaries
profits
interest
rent
Explicació
The reward for entrepreneurship is profit. Profit is described as the financial benefit gotten when the revenue generated from a business activity exceeds the expenses, costs, and taxes paid.
An entrepreneur is an individual who creates or owns a business and combines all the factors of production to make a profit.