The Basic Decision-Making Units. A firm is an organization that transforms resources (inputs) into products (outputs). Firms are the primary producing units in a market economy.An entrepreneur is a person who organizes, manages, and assumes the risks of a firm, taking a new idea or a new product and turning it into a successful business.Households are the consuming units in an economy..

Related searches for Demand, Supply, and Market Equilibrium

Download Presentation
## PowerPoint Slideshow about 'Demand, Supply, and Market Equilibrium' - ima

**An Image/Link below is provided (as is) to download presentation**

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.

- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -