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Define practical value in business of economics

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Question: Determine which of the following passages are arguments. For those that are, identify the conclusion. For those that are not, determine the kind of non-argument.

Economics is of practical value in business. An understanding of the overall 1 operation of the economic system puts the business executive in a better position to formulate policies. The executive who understands the causes and consequences of inflation is better equipped during inflationary periods to make more-intelligent decisions than otherwise.

Reference no: EM131714447

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