INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which is a right of a business?
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Engage in fair labor practices and fair competition.
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Participate in markets for the purpose of exchanging goods and services.
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Bartering is the exchange of goods and services between two or more parties without the use of money. It is the oldest form of commerce.
Detailed explanation-2: -Exchanging goods for goods is called the Barter System.
Detailed explanation-3: -Money is a system of value that facilitates the exchange of goods in an economy. Using money allows buyers and sellers to pay less in transaction costs, compared to barter trading.
Detailed explanation-4: -The system of exchanging goods in return for goods is known as the barter system.
There is 1 question to complete.