Match List - I with List - II and point out the correct answer from the codes below : List – I (Concept) List – II (Economist) (a) Profit as a dynamic surplus (i) J. Schumpeter (b) Profit as reward for innovation (ii) M. Kalecki (c) Profit as reward for uncertainty bearing (iii) F.H. Knight (d) Profit arise due to monopoly power enjoyed by the producers (iv) J.B. Clark
(a) - (iv), (b) - (i), (c) - (iii), (d) - (ii)
The matches are (a)–(iv), (b)–(i), (c)–(iii), (d)–(ii): J. B. Clark—dynamic surplus; Schumpeter—innovation; Knight—uncertainty bearing; and Kalecki—degree of monopoly.
Important Questions from Economy
When goods are produced by exploiting natural resources, it is an activity associated with:
A system in which local farmers were allowed to cultivate temporarily within a plantation is known as:
Which goods from India dominated the international textile markets before the age of mechanized industries?
Which type of farming is practiced in areas of high population pressure on land?
The major economic attribute for comparing countries is their:
