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Why do profits exist?
Profits exist as a reward for entrepreneurs and businesses that successfully create value by meeting consumer needs and preferences. They serve as an incentive for innovation, risk-taking, and efficient resource allocation in the economy. Additionally, profits signal to investors where to allocate capital, guiding the growth of industries and technologies that are in demand. Ultimately, profits reflect the difference between revenues and costs, driving competition and economic progress.
What will always exist in any economic system?
UNEMPLOYMENT.
What is the main reason why this socio economic issue exists?
Certain social effects can cause socioeconomic issues. A couple of examples are changes in physical environments and changes in law.
What are the principal conditions that allow monopoWhat are the principal conditions that allow monopolies to exist?
barriers to entry
When can economic equality exist?
Economic equality exists when there is a reduced gap between the rich and the poor, in terms of income and wealth.
What is the main reason why this socio economic exist?
it exist because of lack of skills and qualification, lack of job opportunities ,retrenchment due to poor economic conditions etc
Why do profits exist?
Profits exist as a reward for entrepreneurs and businesses that successfully create value by meeting consumer needs and preferences. They serve as an incentive for innovation, risk-taking, and efficient resource allocation in the economy. Additionally, profits signal to investors where to allocate capital, guiding the growth of industries and technologies that are in demand. Ultimately, profits reflect the difference between revenues and costs, driving competition and economic progress.
What do you mean by profit making organisations?
For profit organizations that exist to make money as opposed to non profits who exist to meet a community need.
In what conditions will plasma exist?
The conditions in the sun's core that allows the plasma state to exist hydrogen nuclei.
Does Mercury have cloud conditions that might exist?
No, there are no cloud conditions in Mercury
Why does business exist?
Business exists to fulfill the economic needs and wants of society by producing goods and services. It serves as a mechanism for individuals to exchange value through transactions. Additionally, businesses create employment opportunities, generate wealth, and drive innovation and economic growth. Ultimately, the primary goal of a business is to maximize profits and create value for its stakeholders.
What will always exist in any economic system?
UNEMPLOYMENT.
Why spores resistant to desication?
When harsh conditions exist, the spores will enter dormancy, and will only resume activity or growth when favorable conditions exist.
What are the conditions under which surplus may exist?
The wet and cold weather conditions.
When do conditions exist for a chance of rain?
high humidity
What is the main reason why this socio economic issue exists?
Certain social effects can cause socioeconomic issues. A couple of examples are changes in physical environments and changes in law.
Why do deserts in the southwest US still exist?
The deserts still exist because the geographic and climatological conditions that formed the deserts still exist.
