Question
Labour and Entrepreneur.
| Labour | Entrepreneur |
| (i) Any physical or mental effort undergone during the production process to earn a reward is called labour. | (i) Entrepreneur is the organiser who coordinates all factors of production. He is regarded as a captain of the industry. |
| (ii) Labour earns ‘Wages’ as a factor reward. | (ii) Entrepreneur enjoys ‘Profit’ as a factor reward. |
| (iii) Earnings of labour are certain, fixed, and always positive. | (iii) Earnings of an entrepreneur are uncertain, fluctuating, and not always positive. |
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