Answer:
Through their spending decisions, consumers give entrepreneurs the money with which they bid on worker hours, oil, land, equipment, and other inputs. The prices of the inputs reflect how urgently those resources are needed in certain lines, to produce particular goods and services that some consumers desire. Loosely speaking, a profitable business is taking undervalued resources and transforming them into outputs that have a higher value, while an unprofitable business is wasting resources on projects that are not as valuable as alternatives. Sample Partial Credit Answer If consumers want something they will pay a lot for it.