In Mixed Economies,economic Behaviour Is

question 112

Multiple Choice

In mixed economies,economic behaviour is

• A)largely determined by a central authority.
• B)random and unpredictable.
• C)based primarily on custom and habit.
• D)affected by elements of tradition,government command,and market incentives.
• E)directed only by self interest.

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Definitions:

Entrepreneur-Intended

Describes a person or action deliberately aimed at creating new ventures or businesses, typically with a plan and intention to grow.

Market Sizing

A method of estimating the number of potential customers and possible revenue or profitability of a product or service.

Customer Base

The group of customers or consumers who repeatedly purchase the goods or services of a business, forming the foundation of the company's sales.

Revenue Potential

An estimate of the amount of money a business can generate from its activities within a certain period.