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Ludmilka [50]
1 year ago
13

Which economic system is characterized by public ownership of the means of production, the pursuit of collective goals (rather t

han market-oriented production), and centralized decision making
Business
1 answer:
Dennis_Churaev [7]1 year ago
5 0

An economic system is characterized by public ownership of the means of production, the pursuit of collective goals (rather than market-oriented production), and centralized decision making is called "command economy (socialism)."

<h3>What is command economy (socialism)?</h3>

A form of command economy is socialism. The majority of the production factors, including land and capital goods, are owned and under the jurisdiction of the state.

Key features of command economy are-

  • A populist economic and political structure, socialism is founded on the common, collective, or public ownership of the means of production.
  • The equipment, resources, and manufacturing facilities utilized to create products that are intended to directly meet human needs are among those means of production.
  • The state uses central planning.
  • The state maintains centralized control over the production of products and services, as well as their prices and distribution.
  • While free-market economies have historically been identified with capitalism and democratic countries, command economies have historically been connected with socialist and communist countries.

Socialism the best economic system because-

  • Theoretically, socialism aims to create the greatest amount of common wealth through public benefits.
  • Since the government oversees the majority of societal activities, it can utilize resources, labor, and lands more efficiently.
  • Socialism lessens wealth disparity not only between different regions but also between all social classes and ranks.

To know more about command economy, here

brainly.com/question/15907004

#SPJ4

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suppose that a college physics experiment goes horribly wrong and releases an electronic pulse that renders all electronic equip
Ainat [17]

After the accident, the wages earned by Ohio workers will decrease because the marginal productivity of Ohio workers will decrease. Thus the correct answer is A.

<h3>What are wages?</h3>

Wages are referred to as payments received by daily workers. This payment is done on an hourly or daily basis to the blue-collar people who worked in factories or in construction sites.

The release of an electronic pulse in the city will decrease the wages earned by Ohio workers as marginal productivity of workers will decrease due to limited demand and negative impact on employees.

Therefore, option A is appropriate.

Learn more about wages, here:

brainly.com/question/13847060

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6 0
1 year ago
Bocelli Co. purchased $120,000 of 6%, 20-year Sanz County bonds on May 11, Year 1, directly from the county, at their face amoun
Lina20 [59]

Answer:

S/n    General journal                                  Debit              Credit

a        Investment in Sanz County bonds   $120,000

         Interest                                                $800

         (120,000*6%*40/360)

                 Cash                                                                  $120,800

         (The purchase of the bonds on May 11 plus 40 days of accrued

           interest; assume a 360-day year.)

b.       Cash                                                      $3,600

               Interest receivable                                              $800

               Interest revenue                                                  $2,800

          (Semiannual interest on October 1)

c.        Cash(150* (99%*30,000) - $100)        $29,750

          Loss on sale of investments               $400

               Investment in Sanz County bonds                     $30,000

               Interest revenue                                                  $150

          (Sale of the bonds on October 31)

d.      Interest receivables                               $1,365

               Interest revenue                                                  $1,365

         (Adjusting entry for accrued interest of $1,365 on

          December 31, Year 1.)

6 0
3 years ago
A written and signed document between an employer entity and a labor organization specifying the terms and conditions of employm
Eduardwww [97]

Answer:

A written and signed document between an employer entity and a labor organization specifying the terms and conditions of employment for a specified period of time is known as a collective bargaining agreement.

Explanation:

The reason why it is collective bargaining agreement is because it binds two or more entities which makes it to be collectively agreed

6 0
3 years ago
If bonds for Crayon Corporation, with a face value of $150,000, are converted into common stock when the carrying value of the b
Llana [10]

Answer:

(C) Bonds Payable for $150,000

Explanation:

the face value of the bonds will the value at which bonds payable account enter the accounting. Then, there is a discount which decrease the net value of the bonds:

Bonds Payable        150,000 credit

Discount on bonds   15,000  debit

When the bonds are converted, we will write-off these account against common stock and additional paid-in

To wirte-off the account we need to post them in the other side so we got:

Bonds payable debit 150,000 debit

       Discount on bonds         15,000 credit

      Common Stock                       xx credit

      Additional paid.in                    xx credit

These makes option C correct

5 0
3 years ago
: When you go looking for a job after graduation, what sources do you expect to use? Why?
Anna71 [15]

Answer:

you can use different types of research n ask people about information

Explanation:

it will make things easier for you about the challenges you will face and how to deal with them

8 0
3 years ago
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