uncertainty bearing

Who Is The Propounder Of Uncertainty Bearing Theory Of Profit?

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Who Is The Propounder Of Uncertainty Bearing Theory Of Profit? The uncertainty-bearing theory of profit was propounded by the American economist Prof. F. H. Knight in his book risk, uncertainty, and profit, published in 1921 A. D. This theory is an improvement over Hawley’s risk theory of profit. Prof. Who developed the uncertainty theory of

What Is Uncertainty Bearing Theory Of Profit?

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What Is Uncertainty Bearing Theory Of Profit? Definition: The Knight’s Theory of Profit was proposed by Frank. H. Knight, who believed profit as a reward for uncertainty-bearing, not to risk bearing. Simply, profit is the residual return to the entrepreneur for bearing the uncertainty in business. What is mean by risk bearing? Risk bearing refers