Examlex
The purchase and sale of three types of legal items are not included in this year's GDP.What are these three items?
Customer Needs
The requirements and desires of purchasers that motivate them to buy products or services.
Innovation Efforts
The activities oriented towards creating new products, improving existing offerings, or developing novel processes and technologies.
Business
The organized efforts and activities of individuals to produce and sell goods and services for profit.
Competition
Involves businesses contending in the same industry or market to attract customers, increase sales, and gain market share.
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