The primary motive for an individual engaging in producti...
The primary motive for an individual engaging in production is to
Make profit
Satisfy basic human wants
Redistribute wealth
Put inputs into use
Correct answer is A
The main motive of a business organization, especially private business enterprise is to make profit.
The production within the domestic territory of a country is called the ...
Favourable terms of trade is important to a country because it facilitates ...
One major function of the entrepreneur is ...
Opportunity cost is best defined as? ...
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In a centrally planned economy, what to produce is ...
The total value of goods and services produced within the borders of a country is ...