Answer:1.Factor services, 2 scarce resources, 3. opprtunity cost or real cost or true cost
Explanation:
Circular flow.of income: This is the system of how goods and services flow in for consumption by the households.it also shows the intrrelationship between the households and the business sector of the economy. From the diagram of the circular flow of income, the outer circle presented the flow of real services for productive agents such as land, Labour, capital and enterprise to the business sector.while the flow of goods and services are produced from the inner circle reflect the monetary aspect of what the outer circle produced.
Scarcity : This concept is used to explain how the human wants are unlimited, since human wants are unlimited so the resources to satisfy them are also limited . In order to solve the problem of scarcity, man has to make a choice by ranking his wants in their order of priority this is where we have the scale of preference.
Opportunity cost : This is the cost which described the cost of one product in terms of forgone alternatives. It is the alternative that is forgone in order to satisfy a want. For example a student who need a book that is costing $10, and a cloth that is also costing $10. If the student buys the book instead of the cloth, then the opportunity cost of his choice is the cloth that such student has forgone.
The correct answer is C. increasing profits
These types of often illegal business politics have a goal of dictating the market in order to control the prices and thus increase profits. They would increase prices and since you can't buy it anywhere else, they earn even more.
Answer:
idk, just go for it if its wut u want
Explanation:
Being and expert!!!!!!!!!!!!!!!!!!!!!!!1
Answer:
Help or Advice
Explanation:
Smart entrepreneurs regularly seek HELP or ADVICE from consultants or a board of directors.
As a smart entrepreneur, seeking help from consultants or a board of directors is a good way to go to elevate the business.
The consultant or board of directors can help in many ways, some of which includes:
1. Carry out an analysis of the market conditions.
2. Give credible advice about technological innovation.
3. Recommend ideal product or service changes.
4. Assists in forecasting trends.
5. Assists in developing profitable ideas or trends.
6. Give honest and reliable advice.