Examlex
The____________ model holds that the only social responsibility that businesses have is to maximize profit.
Insignificant Benefits
Benefits or advantages that are too small or unimportant to make a noticeable difference.
Opportunity Costs
The advantages or gains a person, investor, or company forgoes by selecting one option instead of another.
Economic Resources
Resources required for the production of goods and services, including labor, capital, land, and entrepreneurship.
Production Possibilities
The various combinations of goods and services that can be produced in a given timeframe, using all available resources and technology.
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