Question

Brian is starting his own business producing chairs designed to be used while playing video games. This is an example of _________.

a. creating a monopoly
b. specialization
c. the factor market
d. self-interest
Profit is best described as
a. a gain in material items or money after any type of transaction.
c. a monetary loss after a transaction.
b. a monetary gain that occurs as the result of a transaction.
d. the term used to describe an equal trade in goods or services.

Answer 1

- Brian's business is an example of Specialization

In business, specialization refer to creating a specific product (the chair) For specific consumers in the Market ( the gamers)

Profit is best described as : B. A monetary gain that occurs as the result of transaction

Monetary does not always mean money. Monetary is basically everything that have an Economic Value

Answer 2

Brian is starting his own business producing chairs designed to be used while playing video games. This is an example of _________.

a.

creating a monopoly

b.

specialization

c.

the factor market

d.

self-interest

Step-by-step explanation: