Firms that make a prot have increased the value of the resources they used; their actions created

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“Firms that make a prot have increased the value of the resources they used; their actions created wealth. In contrast, the actions of rms that make losses reduce wealth. The discovery and undertaking of prot-making opportunities are key ingredients of economic progress.” Evaluate the statement.

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Microeconomics Private And Public Choice

ISBN: 9781305506893

16th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

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