Part 1[25]
‘The profitability of firms is one indicator of their efficiency. The greater the profit, the higher the efficiency. High profits ought, therefore, to be encouraged.’ Do you agree with this argument?
Economics 9708 · AS & A Level · 7.5
‘The profitability of firms is one indicator of their efficiency. The greater the profit, the higher the efficiency. High profits ought, therefore, to be encouraged.’ Do you agree with this argument?