Few bother to think about what makes Florida oranges show up daily in South Dakota supermarkets, but the people of South Dakota are likely to think a great deal about this. Why does someone take the time and energy to assure that oranges which are grown in Florida move more than 1,000 miles before they appear on grocery shelves?
In a market economy, there is profit to be made by meeting peoples' needs in the marketplace. There is profit for the sellers of oranges if they can get them to market in South Dakota, and consequently they expend the time and money to get them there. The profit motive causes goods and services to be provided in a market economy.
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Anita is the retired president of Claddagh College and currently serves on the board of directors of the Patrician Pharmaceutical Company. Anita is considered ________ of the company
A) an outside director B) an inside director C) a managing director D) a silent partner
A product is considered to be rival if
A) your consumption of the product reduces the quantity available for others to consume. B) you can keep those who did not pay for the item from enjoying its benefits. C) you cannot keep those who did not pay for the item from enjoying its benefits. D) it is jointly owned by all members of a community.