The Difference Between the Economic Resources Received from Customers and the Economic

question 57

Short Answer

The difference between the economic resources received from customers and the economic resources paid to suppliers,employees and other providers of goods and services is called ____________________.

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Definitions:

Nonprofit Organizations

Entities that operate for a collective, public, or social benefit, rather than to generate profit for owners or investors.

Government Organizations

Entities established and funded by a government to perform specific functions or provide services to the public.

Flexibility

The ability to adapt quickly and effectively to changing conditions and circumstances.

Market Failure

A circumstance in which a free market's distribution of goods and services is inefficient, frequently warranting intervention by the government.