Economics · Theories of Profit
Match List - I (Economic Concept) with List - II (Economist) and select the correct answer using the codes given below: List - I (Concept) (a) Profit as a dynamic surplus (b) Profit as reward for innovation (c) Profit as reward for uncertainty bearing (d) Profit arises due to monopoly power enjoyed by producers List - II (Economist) (i) J. Schumpeter (ii) M. Kalecki (iii) F.H. Knight (iv) J.B. Clark
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(a) - (ii), (b) - (i), (c) - (iii), (d) - (iv)
- 2(a) - (iv), (b) - (i), (c) - (iii), (d) - (ii)✓
- 3(a) - (iv), (b) - (ii), (c) - (iii), (d) - (i)
- 4(a) - (iii), (b) - (iv), (c) - (ii), (d) - (i)
Correct answer
(a) - (iv), (b) - (i), (c) - (iii), (d) - (ii)
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