The economic agent who perceives market opportunities and assembles the factors of production to exploit them in a firm is referred to as

Related MCQs

• he non-expenditure costs which arise when the producing firm itself owns and supplies certain factors of production are -
• The dominant body of economic thinking, economic method and economic style in the period from 18th to 19th century is termed as
• The fixed cost on such factors of production which are neither hired nor bought by the firm is called -
• The flow of goods or services to any economic agent or unit is called:
• Inwhich market structure is the demand curve of the market represented by the demand curve of the firm?
• Scarce inputs that can yield utility through production or provision of goods and services are referred to as:
• The flow of money payments to or from a firm is called “Cash Flow”. Expenditure is sometimes referred to as:
• The four factors of production are -
• Goods which are produced for consumption rather than as an intermediate product used in the process of production are referred to as:
• The term used to describe a sharp slowdown in the rate of economic growth or a modest decline in economic activity is called: