Producers on the best combinations of resources to use
How did producers decide on the best combinations of resources to use? Who made these resources available, and why?
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The quest for profit led firms to produce these goods. Producers looked for and found the least-cost combination of resources in producing their output. Resource suppliers, seeking income, made these resources available. Consumers, through their dollar votes, ultimately decide on what will continue to be produced.
Patent rights: It is a unique license or right granted to a company or an Individual to make a specific product or utilize a specific technology.
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