Match List - I with List - II. List - I (Theories of Profit) — List - II (Propounder) (A) Profit as…
Matching Theories of Profit with their propounders: Profit as Rent of Ability was propounded by F.A. Walker (A-III); Dynamic Theory of Profit by J.B. Clark (B-IV); Risk…
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Match List - I with List - II.
List - I (Theories of Profit) — List - II (Propounder)
(A) Profit as Rent of Ability — (I) Joseph A Schumpeter
(B) Dynamic Theory of Profit — (II) F.B. Hawley
(C) Risk Theory of Profit — (III) F.A. Walker
(D) Innovation Theory of Profit — (IV) J.B. Clark
Answer and explanation
Correct answer B
Matching Theories of Profit with their propounders: Profit as Rent of Ability was propounded by F.A. Walker (A-III); Dynamic Theory of Profit by J.B. Clark (B-IV); Risk Bearing Theory of Profit by F.B. Hawley (C-II); and Innovation Theory of Profit by Joseph A. Schumpeter (D-I).
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