The Only Real Purpose of a Business Is to Make

question 72

True/False

The only real purpose of a business is to make money for entrepreneurs.
Businesses don't just make money for entrepreneurs.Businesses provide all of us with necessities such as food,clothing,housing,medical care,and transportation,as well as other goods and services that make our lives easier and better.

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Definitions:

External Benefit

A benefit that an individual or firm confers on others without receiving compensation.

Household Production

The creation of goods and services within a home for personal use, employing family labor and resources.

Child Care

The care and supervision of a child or multiple children at a time, whose ages can range from two weeks to eighteen years. Child care is the action or skill of looking after children by a day-care center, nannies, babysitter, teachers, or other providers.

Private Goods

Products and services that are exclusive and distinctly owned, with their use limited to the owner or individuals who have permission.