Question
We often assume that businesses' primary concern is profit. And in many cases, that's correct. But in economic systems like the one in the United
We often assume that businesses' primary concern is profit. And in many cases, that's correct. But in economic systems like the one in the United States, there are actually many types of businesses with different objectives. There are firms in the private sector, which typically prioritize generating revenue. But there are also organizations and groups in the public and nonprofit sectors, whose goods and services are part of the larger economy, even if they're not motivated by their bottom line.
For your primary post, discuss answers to these questions:
What if there were no government controls over your local power company?
How would that affect businesses and the economy?
For your replies, consider answering some of these questions:
Is there anything your peer missed or overlooked?
Are there other ideas to consider?
Is there a current event or episode that you can bring into the conversation?
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