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2 years ago

Define the following: 1. Allocation of resources 2. Economic system 3. Market economy

Business

2 answers:

denis-greek [22]2 years ago

8 0

Allocation of resources is the assignment of available resources to various uses.
Economic system is a system of production, resource allocation and distribution of goods and services within a society or a given geographic area.
Market economy is an economic system where supply and demand, direct the production of goods and services.

zlopas [31]2 years ago

4 0

1. Allocation of resources

apportionment of productive assets among different uses.

2. Economic system

by which societies or governments organize and distribute available resources, services, and goods across a geographic region or country.

3. Market economy

an economic system where two forces, known as supply and demand, direct the production of goods and services.

eg: US, Japan

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vova2212 [387]

Answer:

The total opportunity cost of investing in the business is explained below:

Explanation:

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30$ + 140$ =170$

The total annual opportunity cost is 170$

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2 years ago

Could I Industries just paid a dividend of $1.62 per share. The dividends are expected to grow at a rate of 20 percent for the n

nata0808 [166]

Answer:

Explanation:

Using the dividend growth model = Do(1+g)/Ke-g

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= 1.6848

/8%

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0 1 2 3 4

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Dividend 1 1.2 1.44 1.728 2.0736

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3 years ago

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3 years ago

During the annual Black Friday Sale, The OLX sold a pair of ski boots, regularly priced at $245.00, at a discount of 40%. The bo

ratelena [41]

Answer: $147

Explanation:

First find what 40% of $245.00 is:

= 40% * 245

= $98.00

The boots are sold at a discount of 40%. This means that 40% - which is $98 - was deducted from the value.

The selling price is therefore:

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= $147

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3 years ago

Daniel has decided to open his own bakery using locally sourced ingredients and supplies. He provides income and jobs to local s

exis [7]

Answer: The invisible hand

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In the given case, Daniel is giving work to local suppliers and jobs to residents as well as producing demand in the market by its products, thus, we can conclude that the given case is an example of invisible hand.

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3 years ago

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