In Developing Countries a Greater Percentage of Companies Versus Consumers

question 38

True/False

In developing countries a greater percentage of companies versus consumers are connected to the internet.

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Definitions:

Profit

The earnings obtained when the income generated from business operations is higher than the expenses, costs, and taxes required for these operations.

Output Market

Marketplaces where finished goods or services are sold to consumers, as opposed to input markets where raw materials are bought.

Consumers

Individuals or entities that purchase goods or services for personal use, not for manufacture or resale.

Firms

Business entities that produce goods or provide services with the aim of making a profit.