What is an entrepreneur, and what decisions does an entrepreneur make in a market system?
What will be an ideal response?
An entrepreneur is someone who operates a business. In a market system, entrepreneurs decide what goods and services to produce and how to produce them.
Economics
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In a free market there are virtually no restrictions, or at best few restrictions on how factors of production can be employed
Indicate whether the statement is true or false
Economics
________ and ________ may provide an explanation for stock market bubbles
A) Overconfidence; social contagion B) Underconfidence; social contagion C) Overconfidence; social isolationism D) Underconfidence; social isolationism
Economics