+2 votes
by kratos

What are the economic objectives of business?

1 Answer

+4 votes
by kratos
 
Best answer
  1. Business supplies goods and services to the consumers and thus creates consumers/Earning reasonable profit is the main objective of business.

  2. Which is sufficient to lead comfortable life.

  3. It uses available resources to produce the goods that are sufficient to consumers.

  4. It brings changes in production by adopting a new techniques.

  5. It also enables the consumers to know about the changes in products through advertisement.

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