Entrepreneurial Opportunities Are Conditions in Which New Goods or Services

question 76

True/False

Entrepreneurial opportunities are conditions in which new goods or services can satisfy a need in the market.

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Definitions:

Fried Twinkies

A snack created by deep-frying Twinkies, often resulting in a crispy outside and soft, warm inside, popular in fairs and festivals.

Tax Burden

The total impact of taxes on an individual or business, including the effects on income and purchasing power.

Producers

Individuals or organizations that create goods or services for sale or exchange in an economic system.

Price Paid

The amount of money exchanged for a good or service at the time of a transaction.