Which of the Following Is/are Essential for Economic Success

question 58

Multiple Choice

Which of the following is/are essential for economic success?

• A) property rights
• B) the rule of law
• C) contract enforcement
• D) the separation of powers
• E) All of these answers are correct.

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Definitions:

Money-Back Guarantee

A promise made to customers that they will receive a refund if they are not satisfied with a product or service.

Ethical Businesspeople

Individuals in the business world who adhere to moral principles and practices in their professional conduct.

Persuasion

The act of convincing others to change their attitudes, beliefs, or actions regarding an issue through argument, appeal, or rational discussion.

Own Interests

Refers to the personal preferences, hobbies, or passions that an individual prioritizes or pursues.