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Ashawna Stanley
on Dec 08, 2024

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Why do firms engage in the activity of production?

A) to help society advance technologically
B) to participate in the circular flow
C) to acquire profits
D) to develop a supply schedule

Circular Flow

An economic model that depicts how money and goods flow through the economy in a continuous loop between households and firms.

Profits

The financial gain obtained when the revenues generated from business activities exceed the expenses and costs incurred in operating the business.

  • Acquire knowledge about the central purpose of enterprises and the idea of profit.
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Hidayah HusnulDec 15, 2024
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