In Economics, an Organization That Produces a Good or Service

question 43

Multiple Choice

In economics, an organization that produces a good or service is called a

• A)firm.
• B)company.
• C)business.
• D)All of the above are correct.

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Definitions:

Non-Hispanic White

A demographic category used in the United States to describe people who are not of Hispanic or Latino origin and who identify as having origins in any of the original peoples of Europe, the Middle East, or North Africa.

Poverty Line

The figure established by the government to indicate the amount of money needed to support the basic needs of a household.

Poverty

The state of being extremely poor, where individuals or communities lack the financial resources for basic life necessities.

Poverty

The state of having insufficient financial resources to meet basic living expenses like food, shelter, clothing, and healthcare.