Unit 1 PBAM

what is not one of the 5 factors of production

what does a planned economy rely on a centralized government to do

demographics is defined as a statistical view of a population generally including age, gender, income, education, etc.

what is the process for converting government enterprises into individually owned firms

what of the following exists when an industry or market has only one producer

The five factors of production are labor, capital, entrepreneurs, physical resources and information resources

what are profits

which of the following exists when an industry or market has many small firms

physical resources include the data and other information used by a business.

which environment is NOT an important dimension of a business organizations external environment

what term denotes a nation's basis for allocating its resources among citizens

which of the following does NOT represent a degree of competition in the private enterprise system

economic systems differ in how factors of production are used

what marks the key difference between economic systems

when a company advertises heavy what type of competition are they in