Examlex
Which of the following statements is true of intangible resources?
Cosmetics Companies
Businesses that specialize in producing and selling beauty and personal care products.
Transform Resources
The process of converting resources (labor, materials, capital) into goods and services more valued by society.
Market Economy
A market economy is a system where the supply and demand for goods and services determine prices and production levels, operating with minimal government intervention.
Entrepreneurs
Individuals who initiate, manage, and assume the risks of starting and running a new business venture.
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