Economics question for a test pls help Explain what profits, losses and resources have to do with each other. How do profits and losses act as signals to business firms?

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asked Sep 21, 2022 94.9k views

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Noiseymur · Answer 1 · 2022-09-25T05:35:39+0000

signals to firms standing on the sidelines. resources flow away from losses. Profit is like a big magnet: it pulls resources toward it. Loass is like a big wind: it pushes resources away.

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Economics question for a test pls help Explain what profits, losses and resources have to do with each other. How do profits and losses act as signals to business firms?

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Economics question for a test pls help Explain what profits, losses and resources have to do with each other. How do profits and losses act as signals to business firms?