C. Profit
Entrepreneurs receive profit as a reward for combining the other factors of production (land, labor, and capital) to create goods or services and take on the risks associated with the business. Profit is the amount of money or financial gain that exceeds the total expenses incurred in a business.
The reward for an entrepreneur as a factor of production is
A. Commission
B. Interest
C. Profit
D. Rent
E. Salary
1 answer
1 answer