Circular flow and entrepreneurial profits

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1. What are the legal issues that could result from negligence and product liability for a company that does not comply with various laws? What is an example of a real company in the news that had monetary consequences for non-compliance of a law and summarize it.

2. Explain the differences and similarities between the circular flow and entrepreneurial profits by providing at least two specific examples so that the differences and similarities are made evident, and it is clear how businesses can be categorized as to whether they are earning entrepreneurial profits or part of the circular flow.

Reference no: EM132234399

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