James and Jamal are eager entrepreneurs hoping to open a used video game store in their town. Why should they take time to learn about economics before opening their store?
(1 point)
Responses
To participate in a voluntary exchange with consumers within the market economy
To participate in a voluntary exchange with consumers within the market economy
To implement the factors of production as a basis for producing goods and services
To implement the factors of production as a basis for producing goods and services
To gain a better understanding of uncontrollable sources that could impact their business
To gain a better understanding of uncontrollable sources that could impact their business
To engage in a market economy with minimal interference from government