Each of the Following Had a Theory of Profit Except

question 114

Multiple Choice

Each of the following had a theory of profit except

• A)Karl Marx.
• B)Joseph Schumpeter.
• C)Frank Knight.
• D)Pierre-Joseph Proudhon.

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Definitions:

Channels

Mediums or pathways through which messages are communicated from sender to receiver, such as verbal, non-verbal, written, and digital forms.

Receiver

In communication, the individual or group who interprets and attempts to understand the message sent by another person or entity.

Sender

In the context of communication, the person or entity that initiates the message being conveyed to another party.

Encoder

A device or algorithm that converts data or signals from one format into another for the purposes of standardization, speed, or security.