Market economy is a kind of economy uses a free enterprise system.
WHAT IS MARKET ECONOMYMarket economy is an economic system which determines decisions regarding investment, production, and distribution based on the relationship between demand and supply which determines the prices of goods and services. The main characteristic of a market economy is the making of investment decisions or the allocation of goods of producers through the capital market and finance.
In a market economy, economic problems are fully handled by the market. Market control is determined by the price set and the method chosen by producers and consumers in the process of production and consumption. Initially, the market economic system was implemented by most of the countries with liberal views, especially the United States of America. At present, most countries in the world are starting to abandon market economics and choose other economic systems.
The market economic system has started to be used again since the 1990s. The reason is the process of globalization in Asia and Latin America which are developing countries. Markets in developing countries began to experience the unification of international markets and economies.
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A personal assessment can point a person in the direction of a particular career cluster. What best describes a career cluster?
a group of careers that start with the same letter
careers located in the same building
careers available at a specific company
a group of related careers
Career clusters are collections of similar job categories. They provide you with a simple approach to investigate several job types under a single broad category. Hence option D is correct .
What is cluster career ?Career clusters are collections of similar job categories. They provide you with a simple approach to investigate several job types under a single broad category. Start with one of the clusters, such as construction or health care, to understand what it entails, current trends, and the various vgit provides.
Here are a few examples of career clusters: Arts, Audio/Video Technology, and Communication; Law, Public Safety, Corrections, and Security; Agriculture, Food, and Natural Resources; and Health Science. All of these names should be fairly self-explanatory.
Agriculture commodities and resources, such as food, fibre, wood products, natural resources, horticulture, and other plant and animal goods/resources, are produced, processed, marketed, distributed, funded, and developed.
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the five of are land, labor, capital, entrepreneurship, and knowledge. what are these guidelines?
The five of are land, labor, capital, entrepreneurship, and knowledge. Factor of production are these guidelines.
What steps is the government taking to encourage business?
Venture capital firms, conventional banks, or in some cases government grants may provide this support. For instance, to assist business owners in starting new operations, the U.S. Small Business Administration (SBA) offers small business grants with a restricted amount of financing.
How is the Indian government encouraging entrepreneurship?
For the purpose of fostering entrepreneurship, the federal and state governments have set up a variety of institutions. SIDO (Small Industries Development Organization) is one of them. It is a government organization that creates policies for the growth of small enterprises in the nation.
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the buying and selling of goods over the internet is known as____
The buying and selling of goods over the internet is known as E - commerce.
A brief essay on e-commerce
The purchasing and selling of goods and services, or the sending of money or data, over an electronic network, typically the internet, is referred to as e-commerce (or electronic commerce).
These commercial exchanges might be either B2B (business-to-business), B2C (business-to-consumer), C2C (consumer-to-consumer), or C2B (consumer-to-business).
What are the advantages of e-commerce?
The electronic purchasing and selling of goods over the internet is known as e-commerce. Internet marketing, electronic payments transfers, and mobile commerce are just a few of the many advantages of doing business online that make it so popular.
Business-to-business, business-to-consumer, and consumer-to-consumer are the three primary categories of e-commerce. Examples of the first two are websites like Shopify and Amazon (websites such as eBay).
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How has information technology impacted the economy?.
The information technology creates the major growth, better economic policy in the economy
The term Information technology simply said that IT is the creation, process, storage, security, and sharing of all types of electronic data using computers, collection, connectivity, and various physical devices, infrastructure, and procedures.
Here we need to find the impact created by information technology on economy.
Here we have listed down the impacts as follows:
This one has allowed economists to better predict how resources should be allocated.
And this will also assisted governments to make better economic policy decisions.
Finally it helps in the expanded growth and outlook in information technology careers.
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According to Jeffrey Harper, why is market research important?
A Without research data to base decisions on, marketers are just guessing
B By researching, people know marketers care about them
C Data generated by research can be sold to make extra money
D Research is fun, easy and cheap so even if nothing is learned, the experience is good
Answer: The correct answer is A i.e. Without research data to base decisions on , marketers are just guessing .
Explanation: Market research involves gathering data to learn more about target demographics and consumers so a business can market itself more effectively and, ultimately, succeed in the market.
Harper is an assistant professor of practice in the area of marketing & supply chain. According to him research plays a very important role , without doing proper or required research marketers are just assuming which might prove to be very dangerous in future .
The equation, a equal to 1,500 plus quantity 1 plus 0.06 over 2 end quantity all raised to the power of 2 times t, represents the amount of money earned on a compound interest savings account. what does the value 1,500 represent? a. the value 1,500 represents the amount of interest earned, which means $1,500 was added to the initial balance. b. the value 1,500 represents the initial value, which means the account started with a balance of $1,500. c. the value 1,500 represents the final value, which means the account ended with a balance of $1,500. d. the value 1,500 represents the initial value, which means the account ended with a balance of $1,500.
A. The value of 1,500 represents the initial value, which means the account started with a balance of $1,500.
The equation, a = 1,500 + (1 + 0.06/2)^(2t) represents the amount of money earned on a compound interest savings account. The variable "a" represents the final value of the account, the variable "t" represents the number of years the account has been open, and the variable "quantity" represents the interest rate (0.06 in this case).
The equation can be broken down as follows:
The initial value, represented by 1,500, is added to the account.
The interest rate (0.06) is divided by 2 to account for compounding, which occurs twice a year.
(1 + 0.06/2) is then raised to the power of 2t, which represents the number of compounding periods (2 times t) that have occurred over the number of years the account has been open.
The result of this calculation represents the total interest earned on the account, which is then added to the initial value of 1,500 to give the final value of the account.
So the 1,500 initial value is the starting point and it is added to the interest that is generated over time.
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ceteris paribus, a decrease in the demand for loans
A. drives the interest rate down.
B. drives the interest rate up.
C. might not have any effect on interest rates.
D. results from an increase in business prospects and a decrease in the level of savings. E. results from an increase in business prospects and a increase in the level of savings
Ceteris paribus is Latin for "everything else being equal." It indicates the effect one economic variable has on another, assuming all other variables remain the same.
All other factors are held constant (ceteris paribus). If the price of Coca-Cola drops, for instance, its demand will rise to assume all else remains constant. The phrase "ceteris paribus" means "other things being equal” or “other things being ignored”.
It is a key assumption in mainstream economics, indicating the effect of one economic variable on another if all other variables are constant (constant). We account for other variables when we say one variable influences another, ceteris paribus.
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The right way of asking this question is:
Ceteris Paribus, a decrease in the demand for loans
A. drives the interest rate down.
B. drives the interest rate up.
C. might not have any effect on interest rates.
D. results from an increase in business prospects and a decrease in the level of savings.
E. results from an increase in business prospects and an increase in the level of savings.
An 1-9 form is also called a Wage and Tax Statement.
O True
O False
Answer:
False
Explanation:
Form I-9 is the Employment Eligibility Verification.
Form W-2 is the Wage and Tax Statement.
False, 1-9 form is not Wage and Tax Statement. W-2 form is called Wage and Tax Statement.
Tax statements are statements that will be sent to each UK taxpayer each year detailing their Income Tax and National Insurance payments. It was set to be released in 2014.
Ben Gummer proposed annual tax statements in 2012, with the goal of showing itemized spending by department in proportion to the amount the taxpayer paid in the previous year.
While welcoming it in principle, Labor MP Chris Bryant opposed it because the figures were estimates rather than actual figures. Gummer's proposal was well received by the press in the UK and The Wall Street Journal in the US. It was included in the 2012 budget & because of introduction in 2014, with George Osborne calling it "an excellent idea".
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Which of these correctly defines a role of investments?
Investments address the timing of cash flows most desired by investors correctly defines a role of investments.
The net amount of cash and cash equivalents coming into and going out of a corporation is referred to as cash flow. Money spent symbolises outflows, whereas money received represents inflows. The net balance of cash coming into and going out of a firm at a certain period is referred to as cash flow. A business's cash is continually coming in and going out. For instance, when a merchant purchases merchandise, money leaves the company and goes to its suppliers. Expenses incurred in the normal course of business are included in cash flow from operations. Payroll, cost of products sold, rent, and utility costs are a few examples of these financial outflows. When corporate activities are extremely seasonal, cash outflows might vary significantly.
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What else is free enterprise called?.
A free enterprise economy is also known as a laissez-faire economy which is free of government regulations.
Laissez-faire is a free market and capitalist economic doctrine that opposes government interference. According to the laissez-faire economics doctrine, the government should only interfere in the economy to uphold citizens' unalienable rights. In other words, let the market decide what it wants to do. The production of goods and services will be effectively directed by the rules of supply and demand if left unchecked. This kind of economic structure prohibits all forms of economic interventionism in transactions involving private groups of people.
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changes in the or system in the u.s. has an effect on business. True/False ?
The statement above is true. It is because if the system in the business is being change, it will make process production, planning process, distribution process, management, and other also being change.
Business in economic generally can be defined as the efforts and activities of a person who is producing goods or offering services with the intent to sell them for profit. In the business, Systemic change generally can be defined as a condition where relationships between different aspects of the system have changed towards new outcomes and goals. If a system in the organization being change, it will impact through another aspect, such as process production, planning process, distribution process, management, and other.
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What is or would be the most important reason you would use a bank account and why?.
The money in bank accounts is secure; it is guarded against theft and fire. The debit card that is kept on hand by a bank account holder suffices in place of keeping huge sums of cash on hand.
It is safe and well-regulated to keep money in a bank account. When a crisis, like a fire, strikes, money that is stored securely in your home or on you could be stolen or lost.
Comparatively, the government automatically insures against loss any funds up to a specific level that are deposited in a bank account. Your money is secure even if the bank where you have the account goes bankrupt or is robbed.
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How did merchants / patrons help artists during the Renaissance ?
Patrons frequently set the limits for an artwork's price, quality, dimensions, placement, and subject matter.
How did businesspeople support artists in the Renaissance?Merchants promoted the expansion of fundamental education, particularly in algebra and accounting, which was another way they contributed to the Renaissance. More individuals needed to learn how to read, write, count, and do rudimentary math in order to keep track of their sales as the merchant class grew.In the Italian Renaissance, patrons either fully integrated artists into their estates and supplied them with accommodation while the artist was "on-call" for all requirements related to art, or they partially integrated artists into their estates and commissioned them work-by-work. Depending on the scope of a project, supporters may continue to support an artist for a long time.To learn more about Renaissance refer to:
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If you are selling a shirt for $20 and your total costs were $10, your markup in dollars is $10. What is the markup percentage ?
how does feedback help in decision making
Answer:
Feedback increases the identification of stakeholders with the organization and the acceptance of decisions. The more personalized it is the better. This effect should be of interest for each and every decision maker.
which form determines how much state income tax is withheld from your paycheck?
By completing Form W-4: An Employee's Withholding Allowance Certificate, you can let your employer know how much money should be taken out of your paycheck to cover federal paycheck taxes.
The federal government determines the paycheck taxes percentages that workers must pay. Payroll taxes or FICA (Federal Insurance Contributions Act) taxes are subtracted from your paycheck and include Social Security and Medicare taxes. Social Security taxes provide retirement and disability benefits for workers and their families. The Medicare tax, which also includes medical benefits, applies to all adults 65 years of age and over, as well as to some disabled people who are younger. It also applies to people with chronic renal failure who require dialysis or a transplant. Employers contribute to these payroll taxes in part.
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which of these operations and supply chain management career paths works closely with manufacturing, marketing, and purchasing to create timely, cost-effective import/export supply chains?
International logistics manager manages operations and supply chain management career paths works closely with manufacturing, marketing, and purchasing to create timely, cost-effective import/export supply chains.
What is logistics manager?Logistics managers are professionals in the supply chain who are in charge of activities like shipping and purchasing. They employ their talents to coordinate crucial business activities because they are good negotiators, planners, and problem-solvers. Logistics is a great career choice since there are so many new, well-paying jobs emerging in the market, and there is so much room for expansion. You can discover good careers in logistics, and you'll also have a tonne of stability because this is a lucrative and secure industry to work in.
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What is free enterprise example?.
Reliance Industries Limited. Tata Consultancy Services (TCS) Infosys Technologies Ltd. Wipro Limited, Amazon, Flipkart. Myntra etc are examples of free enterprise.
In economics, free enterprise refers to the private industry operating independently of the government. Also known as free-market and free-trade enterprise, this refers to an economy in which businesses can freely trade, start operating, and set prices. In other words, the regulations are set by the business owners themselves. A free enterprise system allows citizens to spend their money and pursue employment opportunities as they see fit. Furthermore, unlike government-controlled processes, which limit people's ability to start businesses, a free market supports multiple businesses to compete with one another.
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If a company borrows money by issuing a note payable at the beginning of the accounting period, as a result, it will report ________.
If a company borrows money by issuing a note payable at the beginning of the accounting period, as a result, it will report liability.
If a company borrows money by issuing a note payable at the beginning of the accounting period, as a result, it will report a liability on its balance sheet for the amount of the loan.
The liability will typically be reported as a current liability if the note is due to be paid within the current year, or a long-term liability if it is due to be paid beyond one year.
The company will also need to record any interest expense associated with the loan, as well as any loan payments made during the period.
The loan payment will increase the cash balance of the company and reduce the total loan balance, resulting in a reduction of the liability on the balance sheet.
Finally, the company should also record any accrued interest on the loan over the course of the year, which will increase the interest expense and the liability balance.
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How do you handle variable expenses in a budget?.
To handle variable expenses in a budget, the ideal or common method for the handle variable expenses in a budget include the money management rule.
The money management is the management refers to the handle the all finance decisions like buying, saving, setting goals and investing. It is one of the most important parts of your financial life.
To handle variable expenses in a budget with the help of uses the average of your expenses, control in finance, pause before the purchase, try to buy good and low price of products, not buying too branded things instead of this, try to get some quality things in a affordable ranges.
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Hat are the tax consequences to Euclid from the following independent events? In your computations, do not round intermediate division. If required, round the per share answer to two decimal places. Round all other answers to the nearest dollar. A. Euclid bought 500 shares of common stock five years ago for $90,000. This year, Euclid receives 20 shares of common stock as a nontaxable stock dividend. As a result of the stock dividend, Euclid's per share basis is $fill in the blank 1 174. B. Assume instead that Euclid received a nontaxable preferred stock dividend of 20 shares. The preferred stock has a fair market value of $9,000, and the common stock, on which the preferred is distributed, has a fair market value of $135,000. After the receipt of the stock dividend, the basis of the preferred stock is $fill in the blank 2 563 , and the basis of the common stock is
A. Euclid's per-share basis is $180 , the basis of the preferred stock is $450 and the basis of the common stock is $177.50.
Euclid's per-share basis is calculated by dividing the total basis of the stock (90,000) by the number of shares owned (500), which gives a per-share basis of $180.
The basis of the preferred stock is calculated by dividing the fair market value of the preferred stock (9,000) by the number of shares received (20) which gives a per-share basis of $450.
The basis of the common stock is calculated by subtracting the basis of the preferred stock (450) from the total basis of the stock (90,000) which gives a per-share basis of $177.50.
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The interpretation of research findings typically begins with _______.
The interpretation of research findings typically begins with tabulation.
The procedure or act of tally. The output of tabulating is a table that presents data in a condensed manner is known as tabulation. The process of reviewing data and drawing pertinent conclusions while utilizing a variety of analytical techniques is known as data interpretation. Researchers can categorize, manipulate, and summarize data with the aid of interpretation in order to find answers to important questions. Drawing conclusions from the data gathered after an analytical or experimental investigation is known as interpretation. In actuality, it is an investigation into the deeper significance of research findings. Drawing conclusions from the facts gathered and the calculated statistics or test statistics is the act of interpreting research findings. The effort to establish research continuity by connecting the findings of a given study with those of other studies is one of the two main aspects of the task of interpretation.
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Aaron Corporation, which ha only one product, ha provided the following data concerning it mot recent month of operation:
Selling price $ 90
Unit in beginning inventory 0
Unit produced 3,400
Unit old 3,000
Unit in ending inventory 400
Variable cot per unit:
Direct material $ 21
Direct labor $ 38
Variable manufacturing overhead $ 6
Variable elling and adminitrative expene $ 4
Fixed cot:
Fixed manufacturing overhead $ 54,400
Fixed elling and adminitrative expene $ 3,000
The total gro margin for the month under the aborption coting approach i:
$63,000
$12,000
$27,000
$59,400
The only-one-product Aaron Corporation has submitted the information below regarding perhaps the most recent time of activities. From the given data, the total gross margin received is $27,000.
What do you mean by gross margin?
Gross margin is the difference between the total sales revenue and the cost of goods sold. It is used to measure how much money is left over after all expenses associated with producing a product or providing a service have been taken into account. Gross margin is expressed as a percentage and can be calculated by dividing the gross profit by the total sales revenue. A higher gross margin indicates that a company is more efficient at controlling its costs and is more likely to be profitable. It is important for businesses to monitor their gross margin over time to ensure that their operations remain profitable and efficient.
Gross margin = sales less cost of goods sold.
Gross margin = 270 000 - (3000 * 81)
Margin of profit = $27,000
So, The required answer is $27,000.
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What is the economic problem what are the three 3 central questions involved with this problem?.
Needs may be more limited than wants. Want is limitless because we all want to go beyond our current capabilities. And our wants are not limited by the resources we have.
The concept of desire can be studied from different angles. In secular countries, lust can be equated with affective lust, which can be studied scientifically in the fields of psychology or sociology. In economics, demand can be analyzed as an important factor in the maintenance and reproduction of capitalist systems based on ideas such as consumption.
Demand is anything sought in economics. People are considered to have unlimited needs but limited resources. As a result, individuals cannot have everything they desire and must search for the most cost-effective options.
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Which type of financing is most similar to using a credit card?
Answer:
Short-term financing
Short-term financing has terms similar to credit cards. It usually includes a grace period, a set interest rate, and monthly minimum payments.
Explanation:
During civil lawsuit proceedings regarding alcohol service, courts will try to determine if the: a. designated driver was present and remained sober. b. guest's BAC was checked throughout the evening. c. server recently attended proper alcohol training. d. server contributed to the injury.
During civil lawsuit proceedings regarding alcohol service, courts will try to determine if the: a. designated driver was present and remained sober.
When it comes to civil lawsuits concerning alcohol service, courts will assess if a designated driver was present and stayed sober.
This individual is essential for ensuring the safety of all individuals involved, and their sobriety is essential when it comes to upholding the legal standards and regulations in place.
If a designated driver is found to have been irresponsible with their alcohol consumption, then this could put the safety and wellbeing of all involved in danger, and could result in legal ramifications.
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The roles of ___, ___, and ___ are critical for managers in nonprofit organizations.
The roles of spokesperson, leader, and resource allocator are critical for managers in non-profit organizations.
What are management's responsibilities in non-profit organizations?The four main areas of planning, organizing, leading, and controlling are how management gurus have divided up management's tasks. The management of nonprofits requires special attention to each area.
How are non-profit organizations run?The nonprofit industry, by definition, works toward humanitarian ends. Because they lack formal hierarchies and managerial structures, many nonprofit organizations are loosely structured and frequently volunteer-driven.
Which managers are critical to advancing innovation?Middle managers are essential for fostering innovation and empowering businesses to adapt quickly to changing conditions. a manager who is in charge of a certain project at work that brings together staff from different levels and functions of the company.
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What is resource What is its value?.
Explanation:
A resource is anything that is useful and adds value to your life. The value of each of these resources depends on how useful it is and other factors. For example, silver and gold have economic value; that is, they can be exchanged for cash. The utility is a measure of the pride a person has in consuming a good.
How to calculate opportunity cost from a production possibilities curve?.
To calculate opportunity cost from a production possibilities curve or PPC with the help of the return and the profitable investment choice.
The opportunity cost is the cost of a particular activity in which the value of the given activity relative to the engaging in an alternative activity.
The opportunity cost is calculated by the return on the most profitable investment choice is minus from the return on investment chosen to pursue.
The production possibilities curve or PPC is a curve in which observes the scarcity and the opportunity costs of choices when faced with the possibility of producing two products or services.
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Which of the following is not one of the three basic questions of economics when looking at economic systems?
a. For whom to produce?
b. How to produce?
c. What to produce?
d. What happens when you add to or subtract from a current situation?
Correct answer will be option D. What happens when you add to or subtract from a current situation is not one of the three basic questions of economics when looking at economic systems.
Any system for allocating scarce resources is referred to as an economic system. Economic systems provide answers to three fundamental questions: what will produced, how it will be produced, and how the output civilization produces will be distributed. There are two approaches to answering these questions. The government makes decisions about resource allocation as well as production and consumption allocation in command economies. Ownership of resources is established through property rights in market economies, and all factors of consumption and production are coordinated through markets. In a market economy, resources are assigned to their most productive use based on market prices. These prices serve as a guide for both buyers and sellers.
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