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1 year ago

in which economy below are private owners most concerned with developing wealth? capitalism mixed market socialism communism

Business

1 answer:

vaieri [72.5K]1 year ago

4 0

Private owners' primary aim in capitalism is money creation.

A system of economics referred to as "capitalism" is one that promotes private ownership of the tools of creation, distribution, and exchange in order to generate profit. In this system, the market decides the production and pricing of the goods and services, hence supply and demand dynamics are very important.

An economic system known as capitalism is one in which private individuals own and manage the trade and industries of the economy in order to profit.

What is Capitalism:

Capitalism, which includes both the working class and the capitalist class, supports class differentiation, there is a significant gap between the rich and the poor. On the other hand, communism is opposed to class inequalities in society since it supports a society in which there is no distinction among the rich and the poor.

In a capitalist society, everyone is responsible for generating their own wealth. Contrarily, in communism, wealth is dispersed in accordance with needs and capacity. While there is intense competition between businesses in capitalism, this is not the case in communism, because the government controls the market. While capitalism exists in western nations, socialism is more prevalent in eastern nations.

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B. Participative management and empowerment

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1 year ago

Standahl Air uses two measures of activity, flights and passengers, in the cost formulas in its budgets and performance reports.

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Answer:

$335,428

Explanation:

The computation of the plane operating cost is shown below:

Plane Operating Cost = Fixed cost + (Variable cost per unit × quantity) + (Variable cost per unit × quantity)

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We only considered the planned activity as we have to compute the plane operating cost for the planning budget

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3 years ago

Suppose Latasha comes into a large sum of money and decides to lend it out to earn interest on it. She realizes, however, that e

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Answer:

moral hazard

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Banks reduce the risk of moral hazard when they monitor and supervise how their clients are using the loans and credits made to them.

Some types of credits do not require any type of monitoring or control, e.g. a credit card which a client can use basically however he/she wants to. But other types of credit that are taken for purchasing assets, e.g. a mortgage, must be used by the bank's client to specifically carryout the intended activity.

In economics, moral hazard refers to the tendency that an economic party can engage in unusually risky activities because the capital (money) that they are investing is not theirs and the negative effects of a potential loss will be suffered most by other parties.

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3 years ago

Operations managers at Alumax Corporation have found that they can achieve efficient production only by producing very large qua

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In the given case, the company is able to produce efficiently only if they produce in large quantities.

Hence they should indulge in continuous production process.

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