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They learn to specialize to become more efficient and make greater profits.

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In order to become more efficient and to make greater profits both individuals and nations learn to .?

They learn to specialize to become more efficient and make greater profits.


Accounting profits are typically?

greater then economic profits,as accounting profits do not include implicit costs


Why do Firms trying to avoid competition?

Firms try to avoid competition so that they can set higher profits and earn greater profits.


There is often what when a company goes public?

Greater pressure to make bigger profits


This type of business organization has one or more individuals sharing in this profits?

partnership


Why is efficiency so important to a manufacturing?

Efficiency is important because manufacturers must compete with one another. More efficient manufacturers can offer better goods at lower prices. Efficient manufacturers make greater profits, faster, with less waste. If you like my answer, please recommend me as a contributor!


What are the implications for the regulatory authorities of the concept of the minimum efficient scale?

profit per units will decrease meaning that companies will have to sell far greater amounts of goods to achieve high profits, as the contribution per unit will be less as the goods are selling for their minimum price


Are Individuals in capitalist economies motivated by the interests of the community?

Workers are motivated by the need to work for wages in order to survive, while capitalists are motivated by the need for greater profits.


What increased production and led to greater profits and a demand for more workers?

steam-powered machinery


Why is an economic advantage for developed nation often a disadvantage for a developing nation?

Profits for developed nations mean long hours and low pay for workers in developing nations. <----Nova Net


Why is an economic advantage for a developed nation often a Disadvantage for developing nation?

Profits for developed nations mean long hours and low pay for workers in developing nations. <----Nova Net


Why is an economic advantage for a development nation often disadvantage for developing nation?

Profits for developed nations mean long hours and low pay for workers in developing nations. <----Nova Net