It means that you have the right to earn as much money as you wish. This also means there are no restrictions other than legal ones how you accomplish this.
many firms will earn profits in the short term, but they must constantly innovate and compete to earn profits in the long term
Yes
yes it is
The general monopolistically competitive firm does earn profit. They earn point about as much as oligopolies.
None. Zero. This is a myth of America. Freedom aka privilege would be the proper term. Freedom is an illusion dressed up to look as though one rights and the pursuit of happiness and all this gibberish.
Credit card companies earn profits by charging interest.
many firms will earn profits in the short term, but they must constantly innovate and compete to earn profits in the long term
to earn profits
Entrepreneurs were merchants who took risks in the hope of high profits.
Yes
yes, they dont work for free!
Some, but majority don't
investment
yes it is
You dont earn it you have it but you cannot see it.
so that they can build up their systems so they earn more that then anables them to gain profits
The general monopolistically competitive firm does earn profit. They earn point about as much as oligopolies.