The organized effort of individuals to produce and sell, for a profit, the goods and services that satisfy society's needs is called a. capitalism. b. the workplace. c. consumerism. d. the economy. e. business.

Question

Business

Allison Fritz

26 November, 08:09

The organized effort of individuals to produce and sell, for a profit, the goods and services that satisfy society's needs is called a. capitalism. b. the workplace. c. consumerism. d. the economy. e. business.

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Answers (1)

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Annabelle · Answer 1

Answer: (E) Business

Explanation:

The business is the one of the type of organization system in which the people working together for achieving the desired goal of the company by producing various types of products and the services in the market for satisfying the actual requirement of the consumers.

In every business it always required some investment and by selling the products in the market we also gain some profit.

Business is also refers as the economical activity where the various types of services are produced on regular basis according to satisfying the customer needs.

Therefore, Option (E) is correct answer.