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Pluralism. An open, participatory style of government in which many different interests are represented.
answer D, the laissez-fare approach was big in this situation
Answer: A. Business owners and managers make decisions that they believe will maximize their profits.
Explanation:
Profit motive can be defined as the strategy which helps the business owners and corporations to take appropriate decisions related to profit creation and it prevents the loss by managing the risks associated with the business. For example, if a company makes five different kinds of products but is capable of earning profit on only two then the profit motive view and discussion with support the discard of unprofitable products. As, the unprofitable products are likely to waste the labor cost, time, material used to manufacture the product which will utilize the profit of the profitable products.
Answer:
The main difference between nominal GDP and real GDP is the adjustment for inflation. Since nominal GDP is calculated using current prices, it does not require any adjustments for inflation. This makes comparisons from quarter to quarter and year to year much simpler, though less relevant, to calculate and analyze.
