ANSWER NOW, AND IF YOU DO SO, I GIVE BRANLIEST, AND TELL OTHER PEOPLE TO GIVE YOU BRANLIEST!
Write an essay that explains the role of profit as the incentive to entrepreneurs in a market economy.
Your essay should include some or most of the following concepts:
- How scarcity affects the supply and demand curve and prices.
-The relationship between markets and entrepreneurs in a capitalist economy.
- Money's inherent value and how it can change.
- The three main components of growth.
- The characteristics of a pure competition market.
- The competition spectrum.
- Business and economic structures.
Write at least 300 words.
