Why is profit necessary for the economy to work effectively

Reference no: EM131702313

1. Why is profit necessary for the economy to work effectively? What benefits might consumers gain when a company makes a profit?

2. Write a detailed explanation of the construction cost estimation and budgeting process.

3. Choose a manufacturing company and describe two examples of potential businese transactions and the impact on the accounting equation (which accounts are debited and credited).

Reference no: EM131702313

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