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Question

Question
When it comes to resource markets, in what form do households receive income from entrepreneurship

Answer 1

In resource markets, households receive income from entrepreneurship in the form of profit. When individuals engage in entrepreneurial activities, they generate revenue from selling goods and services. After covering their costs (such as expenses for labor, materials, and capital), the remaining income is considered profit, which is the return on their entrepreneurial effort and risk. This profit constitutes a key source of income for households involved in entrepreneurship.