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Introduction To Business
Beginning of Paper
Business plays a major role within our society. It is a creative and
competitive activity that continuously contributes to the shaping of our society.
By satisfying the needs and wants people cannot satisfy themselves, businesses
improve the quality of life for people and create a h .... Middle of Paper .... function within our economic system is satisfying the needs of
the consumers with the use of limited supplies. The purpose of a business is to
combine resources such as land, labor, and capital in a way that will make them
more valuable. Operating in a political and economic climate that supports
individual rights, American business has as its guiding principle the right to
private ownership and profit. The amount of goods produced depends upon the
number of resources available for use. This idea is commonly known as "Supply
and Demand". ....
4078 words | 15 pages
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