The owner of a successful restaurant has gotten bored with his business. He decides to sell it and use the money to start a food truck in a new city.
This situation is an example of the characteristic of the U.S. economy that motivates businesses to maximize profits. (B)
Business is the activity of making one's living or making money by producing or buying and selling products
The U.S. has a mixed economy, exhibiting characteristics of both capitalism and socialism. Such a mixed economy embraces the free market when it comes to capital use, but it also allows for government intervention for the public good.
Profit, in accounting, is an income distributed to the owner in a profitable market production process.
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