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2 years ago

To what extent do you think the government should be involved in the free enterprise economy?

Business

1 answer:

kow [346]2 years ago

6 0

The involvement of government in the free enterprise economy should be strictly limited.

What is free enterprise?

An economy where the market sets pricing for goods and services, not the government, is known as free enterprise or the free market. Government control over businesses and services is not present. Alternatively, the term "free enterprise" could refer to a philosophical or legal framework in which the majority of controls over commercial activity come from the private sector.

Government's participation in the free-market economy should be rigorously constrained. However, the government could step in to take the following actions:

To make sure that revenue is shared fairly among all members of society.

To control monopolistic behavior and unethical commercial activities that limit market competition.

To overcome a failing market.

To implement tax reform and impose business taxes.

To implement monetary and fiscal policy during recessions.

To Apply automatic stabilizers.

To upgrade the infrastructure

To offer assistance

To know more about free enterprise, go to URL

brainly.com/question/3369578

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3 years ago

What is one of the advantages of buying an existing business?

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My answer choice would be "B" " The business will have a financial history, which gives you an idea of what to expect and can make it easier to secure loans and attract investors"

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3 years ago

Read 2 more answers

The cost of direct materials transferred into the Filling Department of Eve Cosmetics Company is $91,050. The conversion cost fo

kupik [55]

Answer:

Cost of Direct material per unit = $1.50 per unit
Cost of Conversion = $7.30 per unit

Explanation:

Cost of Direct material per unit is:

= Total cost of direct material / Total equivalent units for direct materials

= 91,050 / 60,700

= $1.50 per unit

Cost of conversion

= Total cost of Conversion / Total equivalent units for Conversion

= 497,860 / 68,200

= $7.30 per unit

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3 years ago

Juice Drinks has beginning inventory of $10,000, purchases in the amount of $150,000, and ending inventory of $8,000. Juice Drin

astra-53 [7]

Answer:

$152,000

Explanation:

Given the data as shown below;

Opening inventory = $10,000

Purchases = $150,000

Ending inventory = $8,000

Therefore,

Juice drinks cost of goods sold = Opening inventory + Purchases - Ending inventory

= $10,000 + $150,000 - $8,000

= $152,000

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3 years ago

Consider the economies of Hermes and Tralfamadore, both of which produce gobs of goo using only tools and workers. Suppose that,

MAXImum [283]

1. The productivity (in terms of output per worker) in 2016 and 2026 for the economies of Hermes (<u>60 and 72</u>) and Tralfamadore (<u>30 and 54</u>).

2. The 5-unit change in capital per worker causes productivity in <u>Tralfamadore</u> to rise by <u>80%</u> than productivity in <u>Hermes</u> which rose by <u>20%</u>.

3. This illustrates the concept of the <u>catch-up effect</u>, which makes it <u>possible</u> for countries with low output to catch up to those with higher output.

<h3>What is the concept of the catch-up effect?</h3>

The economic concept of the catch-up effect states that developing countries usually develop faster than developed countries, eventually reach the same level of per capita productivity as developed economies.

<h3>Data and Calculations:</h3><h3>Hermes</h3>

Year Physical Capital Labor Force (Workers) Output Productivity

(Tools per worker) (Glops of gloop) (Glops per

worker)

2016 11 30 1,800 60 (1,800/30)

2026 16 30 2,160 72 (2,160/30)

<h3>Tralfamadore</h3>

Year Physical Capital Labor Force (Workers) Output Productivity

(Tools per worker) (Glops of gloop) (Glops per

worker)

2016 8 30 900 30 (900/30)

2026 13 30 1,620 54 (1,620/30)

<h3>Rise in productivity:</h3>

Hermes = 20% (72 - 60/60 x 100)

Tralfamadore = 80% (54 - 30)/30 x 100)

Thus, the productivity (in terms of output per worker) in 2016 and 2026 for the economies of Hermes (<u>60 and 72</u>) and Tralfamadore (<u>30 and 54</u>).

Learn more about the concept of catch-up effect at brainly.com/question/15061995

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3 years ago