Match List - I with List-II. List - 1 List-II (Theories of Profit) (Propounders) A. Risk theory of…
Matching the economic theories of profit with their propounders: (A) Risk-Bearing Theory of Profit was propounded by F.B. Hawley (1907) (III); (B) Dynamic Theory of Profit…
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Match List - I with List-II. List - 1 List-II (Theories of Profit) (Propounders)
A. Risk theory of Profit Joseph A Schumpeter
B. Dynamic theory of Profit 11. F. Waker
C. Innovation theory of Profit 111. F. B. Hawley
D. Profit as rent of ability lv. J. B. Clark
Answer and explanation
Correct answer B
Matching the economic theories of profit with their propounders: (A) Risk-Bearing Theory of Profit was propounded by F.B. Hawley (1907) (III); (B) Dynamic Theory of Profit was developed by J.B. Clark (1900) (IV); (C) Innovation Theory of Profit was formulated by Joseph A. Schumpeter (1911) (I); and (D) Theory of Profit as Rent of Ability was propounded by F.A. Walker (II) (A-III, B-IV, C-I, D-II).
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UGC NET Commerce