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How businesses and nonprofit organizations can raise the standard of living for all?
Wiki User
∙ 10y ago
Profit is what you can obtain if you take risk, the more risk you take the higher your potential profit margin. For example, there is high risk in making a new type of automobile, it is also risky to open a business in an inner city, but the reduced competition makes substantial profit possible.
A nation's businesses are part of an economic system that contributes to the standard of living and quality of life for everyone in that county. Nonprofit organizations contribute to the standard of living by offering goods and services to people for free or at a reduced cost thereby, contributing to the standard of living in that country.
Wiki User
∙ 10y ago
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How does comparative advantage benefit developing nations?
Foreign companies bring their businesses there, which raises the standard of living.
How do computers improve the standard of living?
Computer's are the new standard living
What does a standard of living measure?
A standard of living measure is the economic position of the individual.
How are standard of living and GDP related?
Usually, the higher the GDP, the higher the standard of living.
What is meant by a country's standard of living?
The standard of living of a country can not only be judged from the national income of that country but what is important that how people are living in that country .This can be known by the educational attainment, life expectancy and the standard of living of people etc.
How does comparative advantage benefit developing nations?
Foreign companies bring their businesses there, which raises the standard of living.
Who is a person who sells businesses for a living?
A person who sales businesses for a living.
What are the roles of small scale businesses in the transformation agenda of the nigeria government?
To create employment To improve the standard of living of its citizen To provide innovation
How is a person's standard of living measured?
standard of living & reputation
What is Canada's standard of living?
The standard of living in Canada is moderate
What is a sentence for the standard of living?
The standard of living can happen in Mexico City.
How do computers improve the standard of living?
Computer's are the new standard living
What is western Europe Standard of Living?
has a high standard of living.
Where is the highest standard of living in the Europe?
The highest standard of living in Europe is MonacoImproved : Norway has the highest standard of living in Europe and the World... If Ranked by the UN.. Monaco would have the 23rd highest living standard in the world.
What are the differences of nonprofit jobs from regular jobs?
A nonprofit job is an own company that doesn't earn enough to make a living. I believe that a regular job you earn enough that you pay taxes and can make a living out of. This can be from working at your local supermarket to been a 60 million net worth actress.
What does a standard of living measure?
A standard of living measure is the economic position of the individual.
What is standard of living in sentence?
My new job is certain to raise my standard of living.
