NSSCAS Business Studies (8245) Practice Questions - Namibia Senior Secondary Certificate Advanced Subsidiary Business Studies (Syllabus 8245) Exam

According to NSSCAS Business Studies, what is the fundamental purpose of business activity?

To combine scarce resources to produce goods and services that satisfy needs and wants To guarantee equal incomes for all citizens To eliminate government regulation of markets To prevent any firm from making a profit

Correct Answer:

To combine scarce resources to produce goods and services that satisfy needs and wants

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