9:6 - email [email protected] 973 525 8818 row 2 seat 4...

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email- [email protected] 973 525 8818 row 2 seat 4 B4 blackboard.rutgers.edu journal:1 paragraph about something in news relevant to chapter per week due Tuesdays first 1 due following tuesday need binder; must have name, prof name, seat # from wall street journal, must register 15 week - $29.95 double spaced What is business? Profit-seeking activities and enterprises provide goods and services necessary to an economic system. Profit is the reward for businesspeople who take the risk involved to offer goods and services to customers. Factors of Production Natural Resources Capital (technology, physical facilities) Human Resources (physical labor) Entrepreneurship (risk taking) The Private Enterprise Capitalism Adam Smith is the father of capitalism. Economic system determines business ownership, profits, and resources The economic system, known as capitalism, is a structure that provides rewards for businesses who perceive and fulfill the needs of a consumer. Benefits
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This note was uploaded on 02/09/2012 for the course ECON 101 taught by Professor Gottlieb during the Spring '08 term at Rutgers.

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9:6 - email [email protected] 973 525 8818 row 2 seat 4...

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