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7 June, 18:35

How do businesses and resource owners use relative prices?

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  1. 7 June, 19:46
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    Price Information. A function of relative prices that is necessary in order for consumers, producers, and resource owners to make important economic decisions; data concerning value/cost. Producers. The people who make or provide goods and service. Profit. Monetary reward a business owner receives for taking the risk.
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