An example of an economic entity is
A)a business.
B)a town.
C)a church.
D)a politician.

Question

Quizplus · Accepted Answer

Economic entity refers to anything that exists solely for economic purposes such as generating revenue, and a business is a typical example. While a town, a church, and a politician may all have economic activities or interactions, they are not solely focused on generating revenue or profit, which is the defining characteristic of an economic entity.

An Example of an Economic Entity Is