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timurjin [86]
1 year ago
6

How does the free-enterprise system discourage entrepreneurs who waste resources?

Business
1 answer:
Len [333]1 year ago
6 0

The  free-enterprise system discourage entrepreneurs who waste resources because They can't make a profit and are forced out of business.

<h3>What is free-enterprise system?</h3>

Free enterprise can as well be described as the  free market or capitalism, which is a  economic system that is been  driven by supply and demand.

In this Private businesses as well as the  consumers control the marketplace , however  free-enterprise system discourage entrepreneurs who waste resources because They can't make a profit and are forced out of business.

Learn more about free-enterprise system at:

brainly.com/question/3369578

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8 0
2 years ago
If the quantity supplied by producers is relatively insensitive to price changes, supply is ______. Multiple choice question.
luda_lava [24]

If the quantity supplied by producers is relatively insensitive to price changes, supply is price inelastic.

Inelastic demand is demand for which the change in quantity demanded is small due to changes in price. Demand is elastic if the formula yields an absolute value greater than 1. In other words, quantity changes faster than price. If the value is less than 1, demand is inelastic.

For example, consumers are less price relatively insensitive if the product or service is unique or has few alternatives. Consumers are less price sensitive when total costs are low relative to total revenues. The total effort compared to the total cost of the final product also influences price sensitivity.

Learn more about price inelastic at

brainly.com/question/5078326

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<em>Your question is incomplete. please read below to find the full content.</em>

If the quantity supplied by producers is relatively insensitive to price changes, supply is ______. Multiple choice question.

price inelastic.

quantity demanded.

relative price increase.

change in price.

7 0
2 years ago
A stock is trading at $58. You believe there is a 70% chance the price of the stock will increase by 10% over the next 3 months.
MAXImum [283]

Answer: $498

Explanation:

A Put is an option that will only be exercised if the price of the underlying security which is the stock in this case, falls below the current price of $58.

This means that we will not include the 70% chance of increase in our calculation.

In a contract, there are 100 shares.

Expected profit = Contract price - (Prob. of dropping by 10% * 10% of stock) - (Prob. of dropping by 20% * 20% of stock)

= 730 - ( 20% * 10% * 58 * 100) - (10% * 20% * 58 * 100)

= 730 - 116 - 116

= $498

3 0
3 years ago
The high-income economies of the world contain approximately __________ of the world’s population and produce and consume ______
Annette [7]

The high-income economies of the world include approximately 12% of the world’s population and produce and consume 60% of the world’s GDP.

<h3>What is GDP?</h3>

The gross domestic product stands as a monetary measurement of the market value of all the final goods and services produced in a distinctive period by countries. Due to its complex and subjective nature, this measure exists often revised before being deemed a reliable indicator.

Gross domestic product (GDP) stands for the total monetary or market value of all the finished goods and services constructed within a country's borders in a typical period. GDP measures the worth of the final goods and services produced in the United States (without double counting the middle goods and services used up to produce them).

The high-income economies of the world include approximately 12% of the world’s population and produce and consume 60% of the world’s GDP.

To learn more about GDP refers to:

brainly.com/question/1383956

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6 0
1 year ago
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