Question : Who propounded the Dynamic Theory of profit?
Option 1: Clark
Option 2: Schumpeter
Option 3: Knight
Option 4: Hawley
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Correct Answer: Clark
Solution : The correct answer is Clark.
The theory of profit put forth by J.B. Clark is known as the dynamic theory of profit. As per this theory, profits are generated only in an economy that is dynamic, i.e., rapidly changing, and no profits are generated in a static economy. An economy can be considered dynamic only when there is a change in population, method of production, capital generation, or consumer demand.
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Question : Who developed the innovations theory of profit?
Option 1: Francis Amasa Walker
Option 2: John Bates Clark
Option 3: Frank Hyneman Knight
Option 4: Joseph Alois Schumpeter
Question : Who propounded the Panchsheel principles?
Option 1: Mahatma Gandhi
Option 2: Lord Buddha
Option 3: Pandit Jawaharlal Nehru
Option 4: Swami Dayanand Saraswati
Question : Who propounded the Panchsheel Principles?
Question : DVD is:
Option 1: Dynamic Video Disk
Option 2: Digital Video Disk
Option 3: Dynamic Versatile Disk
Option 4: Digital Versatile Disk
Question : The remuneration of the entrepreneur in production is
Option 1: pure profit
Option 2: gross profit
Option 3: net profit
Option 4: super-normal profit
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