Service Administration Lecture 02

organization environment, idea of business, profit, earnings maximization, earning money, customer choice, company opportunities, entrepreneurship, external environment, domestic service environment, worldwide business environment, open economy, closed economy, technological environment, political environment, legal environment, socio-cultural environment, economic environment, financial systems, socialism, communism, aspects of production, capital, financial capital, genuine capital, land, labor, human capital, health, education, experience, physical resources, natural resources, eco-friendly resources, information resources, planned economy, commercialism, free-market industrialism, mixed economy, market systems, markets, providers, manufacturers, customers, demand, supply, need curve, supply curve, amount required, amount provided, equilibrium, equilibrium price, balance quantity, the law demand, law of need, surplus, lack,

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