The correct answer is B.
Business have a double role in economy. They are the manufacturers that produce goods and services to satisfy the needs of consumers therefore, as the graph attached shows, they participate both in the factor and product markets:
- On one side, they buy productive factors in the resource markets (land, labor and capital) and they pay for them (salaries, rents and interests respectively).
- On the other side, they produce goods and services to household in the product market, in exchange for a price. This revenue, after cost deduction, would suppose the profit they earn for the manufacturing activity.
In general, the Romantic movement started as a rejection of "<span>d. Changes brought by industrialization" although perhaps the greatest factor was the new ideas of the Enlightenment. </span>
Ordinance is a temporary law issued by the President of India on the advice of Union Cabinet allowing the government to take immediate legislative action. Ordinances will expire on completion of 6 months from the date of its issue.
An act is made whenever Government wants to implement changes in the existing law or new law to be brought in, they will make a ‘Draft Bill’ (a document containing the details of the proposed changes/new law)
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Explanation:
