Ask Question
Social StudiesSocial Studies
1 April, 09:11

What is a profit and scarcity

+1
Answers (1)
  1. 1 April, 12:35
    0
    profit is money left over that a company or someone has after they pay bills and things like that. Ex - you pay $20 for lemons but make $27 dollars from selling it which means you got a $7 profit. scarcity means that a certain resource is in a low amount so a company might want to use them carefully
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What is a profit and scarcity ...” in 📙 Social Studies if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Which of the following resulted from the relationship between Pope Gregory VII and Henry IV of Germany?
Answers (1)
Is a mushroom abiotic or biotic
Answers (2)
Which impact did Enlightenment ideas have on the Spanish colonies? A. Many colonists called for independence from Spain. B. Some mestizos argued that the Spanish crown should have more power. C. Father Miguel Hidalgo called for harsher slave codes.
Answers (1)
In this type of income tax system, people who earn less pay a larger part of their income in taxes than people who earn more. progressive proportional regressive capital
Answers (1)
California had declayered independince for 25 days befor news had reched them
Answers (1)
New Questions in Social Studies
In ancient rome what was a ruler of an empire called
Answers (1)
Where does economic responsibility ultimately lie? with the individual or with government?
Answers (1)
How did many white southerners view slavery?
Answers (1)
How did england's parliament limit the monarchy's power
Answers (1)
Select the option that provides the best definition for the term moral hazard
Answers (1)
Home » Social Studies » What is a profit and scarcity
Sign Up Forgot Password?