answersLogoWhite

0


Best Answer

The statement is false.

User Avatar

Wiki User

6y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: In the economic process people are always concerned with making a profit True or false?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Process of choosing which needs or wants willbe satisfied?

Economic Decision Making


Government and individuals share the economic decision making process is what?

Command economy


What are Three goals of the free enterprise system?

So-called free enterprise is concerned with making profits.


This economic system has a central authority?

The economic system has a central authority in the management of the affairs of a country. This is very important for countries who are making progress as far as the economy is concerned.


Business decision making is a economic process?

business decision making is not economic process . ye ignou wale saale bewkoof banate hai aur hame bhi samajh te hai. oldman saale. gaandu hai saale. answer given by indira college hostel pune.


What is marginal economics explain?

the application of economic science in business decision making is all pervasive.more specifically, economic laws and tools of economic analysis are now applied a great deal in the process of business decision making. this has led,asmentioned earlier, to the emergence of a separate branch of study colled managerial economics.


Why did Herbert A. Simon win The Prize in Economic Sciences in 1978?

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1978 was awarded to Herbert A. Simon for his pioneering research into the decision-making process within economic organizations.


Which of these is not a critical point about an employer's decision-making process?

employers always hire the right person for the job


which term describes the process of making an economic decision by considering both the advantages and the problems that might arise from the decision?

Cost-benefits analysis


What doesn't sleep - ants or cats?

ants, they are always so concerned about keeping food in the colony and making sure the queen is happy so they are always busy. cats on the other hand sleep a lot.


What are the economic tools of managerial decision making?

what are the economic tool which help manager in decision making


What factors that affects consumer decision making process?

There are many factors in the economic decision making process. One is which goods consumers like better than others. Others include price and quality. All of these factors create and individuals demand curve.