When something is said to be unorthodox, it means that it does not follow the norms and customs of a society.
<h3>What does it mean to be unorthodox?</h3>
- An unorthodox action goes against the standard practices and norms of a society.
- One who is unorthodox can be declared an outcast for not following the rules of society.
Being unorthodox can apply to several things such as rules, traditions, morals, ethics, codes of conduct, and religious laws and doctrines. So long as one does not follow these, they are unorthodox.
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Well, to put it plainly, it is very difficult for a society to develop a unique culture and role in global politics and economics when they have to worry about drinking clean water more than anything else.
Answer:
B. (iii) only
Explanation:
Economists normally assume that the goal of a firm is to earn
(iii) revenues as large as possible, even if it reduces profits.
The reason for economist to normally assume the goal of a firm is to earn revenues as large as possible, even if it reduces profits, is that, while achieving more profit is what can make firm to keep running, there are times when rather than maximizing the profits alone, the economist look at the long run and seeks to generate more sales or total revenue, even if it decreases the profit generated, so as to increase the firm market share relative to its competitors.
Hence, economist seeks to maximize profits, while making higher number of sales.
In short, the seek the following:
1. Growth Maximization
2. Increasing Market Share
3. Satisfying Behavior
4. Maximizing Sales or Total Revenue
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