Examlex
An innate ability to move in a particular direction is called:
Market Demand
This refers to the total demand for a product or service by all consumers in a particular market.
Competitive Firm
A company that operates in a market where it must compete with other firms for customers, characterized by the inability to control market prices.
Higher Profits
Increased earnings resulting from a rise in revenue, a decrease in costs, or both.
Resource Cost
The total cost associated with the utilization of resources such as labor, capital, and materials in the production of goods and services.
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