Economics background only thanks
Think of a business firm you recently visited (such as Walmart, Home Depot, Red Lobster, Barnes & Noble, McDonald’s, etc.). What motivated the producers of all the individual products in the store to make them and offer them for sale? How did the producers decide on the best combinations of resources to use? Who made those resources available, and why? How does the market determine who will get the goods and services? Who decides whether these particular products should continue to be produced and offered for sale? How do these decisions differ between capitalist and socialist systems?
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Kroger is a well-established American retailer that has many stores within America. The company was established in 1883 and has been growing consistently in the country to become the second-largest retailer in the country. The vision of the company is to ensure that they build a loyal customer base for their products. This is a vision aimed at the continued flow of revenue…
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