Why is it important for companies to understand and adapt to the components of the economic system?

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Why is it important for companies to understand and adapt to the components of the economic system? In this response they must take into consideration: Understanding demand, adaptation to supply and prices, efficient management of production factors and distribution of resources.

Posted Date: May 14, 2024 10:00 AM

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Why is it important for companies to understand and adapt to the components of the economic system?

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