Profits as a reward to risk and uncertainty is a theory closely associated with

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The theory that profits are a reward for risk and uncertainty is closely associated with Frank Knight, who developed this concept in his book "Risk, Uncertainty and Profit" published in 1921. He argued that entrepreneurs are rewarded for taking risks that are uncertain, with profits being the compensation for bearing the uncertainty of future events.

Profits as a Reward to Risk and Uncertainty Is a Theory