Answer:
The correct answer is: enter the market; exit the market.
Explanation:
In a perfectly competitive market, there is no restriction on entry and exit of firms. So profits will attract other potential firms to join the market. And when the existing firm incurs losses it will cause them to stop operating and exit the market.
Because of this, the firms in competitive settings are motivated to produce at a low cost and they come up with new ideas to please customers so that they earn a profit.
Answer:
always involve the acquisition of long-lived assets
Explanation:
Capital expenditures can be regarded as the investments that is made by
companies in order to grow or maintain their business operations.
It can as well be regarded as capital expense and it's explained as money that is been spent by an organization or corporate entity in buying, maintaining as well as improving its fixed assets, these asset could be buildings, equipment, vehicles or land.
It should be noted that Capital expenditure decisions always involve the acquisition of long-lived assets
Answer:
the division of labor was a way to make laboring the old times more fair in a way
Explanation:
Answer:
A. People coordinate their activities, resulting in equilibrium in the market.
Explanation:
Adam Smith - a proponent of Capitalist Economy 'Laissez Faire' i.e free markets proposed that :
Un-intervened (by govt) Markets guided by self interest create more wealth & over all socio economic welfare. Any disequilibrium will be sorted by undisturbed market forces, any government intervention is distortionary.
