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Q: Systems by which a firm produces a good are service?
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When a firm sells a good or service the sale contributes to the nations income?

When a firm sells a good or a service, the sale contributes to the nation's income


When a firm sells a good or a service the sale contributes to the nations income?

When a firm sells a good or a service, the sale contributes to the nation's income


What is a reputable firm?

A reputable firm is one that trades within the law and gives good and fair service to its customers


When a firm sells a good or a service the sale contributes to the nations income how?

SQS


When a firm sells a good or a service the sale contributes to the nation's income how?

SQS


An expense that costs the same whether or not a firm is producing a good or service?

Well think...


What is a public franchise?

It is a right granted to a firm by government that permits the firm to provide a particular good or service and excludes all others from doing so.


What is unrelated diversification?

Unrelated diversification is a form of production expansion in which the firm enters into the production of a good or service that is unrelated to previous business activities. An example would how the Virgin conglomerate produces music but also has an airline. This is a key factor of economies of scope.


Is an organization that produces and distributes a good or service for profit called a business yes or no?

Yes


What name is given to a country which main aim you the maximization of profit?

I think what your asking it what economic system is in place in a country where firms maximise profit. The answer is Capitalism. Under Capitalism, such as we observe in the western world (UK, USA etc) each firm produces a product or service in order to make profit. The firm then allocates this profit amongst shareholders or individual owners as it sees fit. Under Communism, which was observed in Eastern Europe and the USSR, each firm produced a good or service which is allocated by the state.


When does a sale contribute to a nations income?

When a firm sells a good or a service, the sale contributes to the nation's income


What does marginal cost mc refer to?

the amount a firm's costs change when an additional good or service is produced