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2 years ago

What is regulation in an economic system?

Business

1 answer:

chubhunter [2.5K]2 years ago

7 0

A: Regulation is the placing of limits or restrictions on business activity by the government.

More about regulation in an economic system:

In order to accomplish its goals, the government imposes obligations on businesses and persons in the private sector. These include better and more affordable products and services, safeguards for current businesses against "fair" (and unfair) competition, cleaner air and water, and safer products and workplaces. Fines, orders to stop doing specific acts, and, in rare circumstances, even criminal punishments may be imposed for breaking regulations.

Economists distinguish between two types of regulation:

Economic Regulations: Rules that restrict who can enter a firm (entry controls) and the prices they may charge are referred to as economic regulation (price controls).
Social Regulation: In order to address one or more "market failures," "social regulation" refers to the broad category of laws governing how any person or business conducts its operations.

Learn more about economic regulation here:

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ierney Company begins operations on April 1. Information from job cost sheets shows the following. Manufacturing Costs Assigned

hoa [83]

Answer and Explanation:

The computation of the ending balance of the work in process is shown below:

For April month

= $6,100 + $5,900

= $12,000

For May month

= $5,900 + $5,800 + $5,100 + $6,800

= $23,600

For June month

= $6,800 + $4,600

= $11,400

In this way the ending work in process is to be calculated for each month and the same is to be considered

3 0

4 years ago

An aggregate production function shows ________. A. the relationship between a country's output and its price level B. various

Maru [420]

Answer:

The correct answer is letter "C": the relationship between a country's GDP and its factors of production.

Explanation:

The Aggregate Production Function describes the relationship between a country's Gross Domestic Product (GDP) and the factors of production involved in it. Aggregate Production functions are considered physical and human capital, labor, knowledge, social infrastructure, and natural resources. Production increases as a result of increases in capital, natural resources, and labor.

3 0

3 years ago

Avon, Tupperware, and Southwestern Company of Nashville are among companies in the multibillion-dollar ________ industry, which

Bas_tet [7]

Answer:

Direct Marketing

Explanation:

These companies and many more rely on selling door to door, using home sales parties, etc. They do not involve huge media campaigns. They are pretty much focused on their investments in advertising. Since they normally know better who are they're targetting.

6 0

4 years ago

Tom and Lynda also inform you that the monthly individual membership fee is $100and that the monthly family membership fee is $1

shepuryov [24]

Answer:

Net Cash $2,170

Explanation:

Cash Budget for September:

Beginning Balance $6,000

Individual membership fee revenue $1,350

Family membership fee revenue $720

Less:Variable Cost Individual ($25 * 15) $375

Less:Variable Cost Family ($25 * 5) $125

Less:Purchase of Machine $20,000

Less:Fixed cost $41,000

Net Cash $2,170

Individual membership fee revenue

$100 * 90% * 180 = 16,200 per year

16,200 / 12 = 1,350 per month.

Memberships per month = 180/12 = 15

Family membership fee revenue

$160 * 90% * 60 = 8,640 per year

8,640 / 12 = 720 per month.

Memberships per month = 60/12 = 5

5 0

3 years ago

Schreiber Industries estimates bad debts at 2% of sales. Schreiber began the year with $270,000 of accounts receivable and $38,6

lorasvet [3.4K]

Answer:

The total amount of account receivable it's $246.400

Explanation:

At the beginning the company had $270.000 in the account receivable and $38.600 of allowance for bad debt, when the company wrote off bad debt, it entry a credit in the Account Receivable and a Debit in hte Allowance for bad debt.

The new balance are $244.400 in the accounts receivables and $12.600 as credit in the allowance for bad debt, with the new sales the company generate an extra account receivable of $15.000, so the net value of Accounts Receivable it's $246.400.

7 0

3 years ago