All categories

1 year ago

Buyers and sellers negotiate prices for goods and services through supply and demand in a(n) ________ economy.

1 answer:

7 0

Buyers and sellers negotiate prices for goods and services through supply and demand in a market economy, as well as as the quantities of those goods.

<h3>What is market economy?</h3>

The economic system known as market economy relies on the law of supply and demand, which states that, when the price of a product is raised, its supply increases but the demand decreases. On the other hand, if the price is lowered, the supply decreases while the demand increases.

In other words, buyers and sellers are constantly negotiating prices in a market economy, even if it is indirectly. Think about a product you buy often, such as milk. If the price is raised, you and many others may end up not buying milk for a while. Precisely because you stop buying milk, the producer will eventually lower the price, so you start buying milk again.

With the information above in mind, we can conclude that the correct answer for this question is market economy.

Learn more about market economy here:

brainly.com/question/11471834

#SPJ4

You might be interested in

According to the Level-5 leadership pyramid, managers can become executives who are capable of building lasting greatness into t

notsponge [240]

Answer:

Level 5

Explanation:

pyramid organizational structure is structure usually from 1 to 5 having , one leader at the top, along with

small executive leadership team which is at below level with tiers of managers that have their leading down to the bottom level of team of employees.

Level 5 leaders always shows

powerful mixture of personal humility as well as indomitable will. These set of people that fall under this heirachy are incredibly ambitious, though

their ambition comes as first and foremost as regards the cause, for the organization as well as its purpose and not themselves. It should be noted that According to the Level-5 leadership pyramid, managers can become executives who are capable of building lasting greatness into the organization through a combination of willpower and humility. This occur At

level 5 of the pyramid.

7 0

3 years ago

Read 2 more answers

According to the Porter (1996) article on Strategy, if there were only one ideal position in a market segment, there would be no

Brilliant_brown [7]

Answer:

True

Explanation:

The whole purpose of developing a strategy is to create unique and valuable market position, but f there was only one good market position, then every company would just try to reach that position. Through their own particular strategy, each company must try to differentiate themselves from the competition and hopefully reach the intended market position.

3 0

2 years ago

If the law of increasing opportunity costs is operable, and currently the opportunity cost of producing the 101st unit of good X

lys-0071 [83]

Answer:

C) more than 5Y

Explanation:

the opportunity cost of producing 101 units of X = 5 units of Y

if the opportunity costs increase as the number of units produced increases, then the opportunity cost of producing 201 units of X will be more than 5 unit of Y. This is simply because 5 units of Y was the opportunity cost of producing 101 units of X and the opportunity costs are increased.

4 0

3 years ago

Jamesway Corporation has two separate divisions that operate as profit centers. The following information is available for the m

Nookie1986 [14]

Answer:

White Division Gross Profit = $72,200

Grey Division Gross Profit = $247,700

Explanation:

White Division Grey division

Sales (net) $270,000 $540,000

Less: Cost of goods sold $135,000 $202,500

Gross Margin $135,000 $337,500

Less: Salary Expenses $37,800 $64,800

Rent $25,000 $25,000

Gross Profit $72,200 $247,700

The White Division occupies 25,000 square feet in the plant. The Grey Division occupies 25,000 square feet. Hence, the rent expenses will be shared equally. Rent = $50,000 hence, both division will pay $25,000 each for rent

7 0

2 years ago

If a firm is interested in improving their human capital which are they most likely to consider

Levart [38]

Answer:

To create human capital in a company, it is mainly necessary to capture it (recruit and select it) and retain it (make it stay in the organization).

Explanation:

First, to be able to recruit competitively, the organization has to work its corporate brand.

Secondly, there must be efficient and current recruitment processes. Recruitment is the process of attracting talent to the selection processes.

Once the worker is incorporated into the company, strategies must be used to improve talent retention and team performance.

5 0

3 years ago