Answer:
The difference between autonomous expenditure and induced expenditure is as follows:
The autonomous expenditure is incurred even without a disposable income. The expenditure is incurred to provide basic necessities of life. In such a situation, the person spends from savings account or borrows to ensure that the basic necessities are provided.
On the other hand, induced expenditure is a disposable income-based expenditure. This implies that when disposable income rises, induced expenditure also rises, and vice versa. Induced expenditure is usually incurred to fund normal goods and services and not necessities. Without disposable income, there is no induced expenditure.
All the four sectors of the economy engage in these expenditures. The public (government) and household sectors are mostly affected. However, even the business and non-profit sectors are also affected by these types of expenditure.
Explanation:
We can distinguish between two types of aggregate expenditure. The first one is autonomous aggregate expenditure, which does not vary with the level of real GDP while induced aggregate expenditure varies with real GDP.
In command economies, the government will determine what the workers should be (there will be no freedom in choosing your careers)
Meanwhile, in market economy, all people have the freedom to choose whatever they like as they career
hope this helps
Answer:
B. customer relationship management
Answer:
The answer is:
. Owner's Capital
2. Prepaid Insurance
3. Unearned Revenue
4. Accumulated Depreciation
5. Land
6. Accounts Payable
Explanation:
Balance sheet also known financial position of a business contains asset, liability and equity.
The following accounts(from the question) will be found in the balance sheet.
1. Owner's Capital( Found under Equity)
2. Prepaid Insurance( under asset)
3. Unearned Revenue(under liability)
4. Accumulated Depreciation(under asset)
5. Land(under asset)
6. Accounts Payable(under liability)