Production should be for people and not for profit. Answer the following questions concerning this statement: a.
Question:
Production should be for people and not for profit.” Answer the following questions concerning this statement:
a. If production is profitable, are people helped or harmed? Explain.
b. Are people helped more if production results in a loss than if it leads to profit? Is there a conflict between production for people and production for profit?
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a If production is profitable are people helped or harmed Explain If production is profitable it doesnt necessarily mean that people are either helped or harmed it depends on various factors Profitabl...View the full answer
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Related Book For
Macroeconomics Private And Public Choice
ISBN: 9780357134009
17th Edition
Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
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