The free market economy is the one where the buyers & sellers should freely select to buy or make.
The following information related to the free market economy is:
- It should depend upon the supply & demand having no government interference.
- In this, the buyers & sellers have the right to select for making or buying whatever they want.
Therefore we can conclude that the free market economy is the one where the buyers & sellers should freely select to buy or make.
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Answer: Option E
Explanation: In simple words, the group of factors outside the organisation that are not in the control of the management are called external environment. The legal-political dimension refers to the rules and legislation passed by the authorities for effective operating of the society as a whole.
In the given case, the inspection leading to safety upgrade was done done by the govt. Such requirement depicts that the safety structure was not as per the law passed or rule made.
Hence, from the above we can conclude that the correct option is E.
You develop your labor (human capital)
Due to scarcity, choices must be made. Every choice has a opportunity cost
Everyone's goal is to make choices that maximize their satisfaction. Everyone acts in their own "self-interest"
Everyone makes decisions by comparing the marginal costs and marginal benefits of every choice.
You found it to be scarce that you were offered $3.00 dollars more than the first offer.
<span>Negotiation: Early Neutral Case Evaluation
</span>
<span>Form
of assisted negotiation. The parties select a neutral third party
(generally an expert in the subject matter of the dispute) to evaluate
their respective positions. The parties explain their positions to the
case evaluator however they wish. The evaluator then assesses the
strengths and weaknesses of the parties' positions, and this evaluation
forms the basis for negotiating a settlement.
</span>
<span>Negotiation: Mini Trial
</span>
<span>Form of assisted negotiation.
A
mini-trial is a private proceeding in which each party's attorney
briefly argues the party's case before the other party. Typically, a
neutral third party, who acts as an adviser and an expert in the area
being disputed, is also present. If the parties fail to reach an
agreement, the adviser renders an opinion as to how a court would likely
decide the issue. The proceeding assists the parties in determining
whether they should negotiate a settlement of the dispute or take it to
court.
</span>
<span>Negotiation: Negotiation
</span><span>The
simplest form of ADR is negotiation, a process in which the parties
attempt to settle their dispute informally with or without attorneys to
represent them. Attorneys frequently advise their clients to negotiate a
settlement voluntarily before they proceed to trial. Parties may even
try to negotiate a settlement during a trial or after the trial but
before an appeal.
</span><span>Negotiation: Facilitation
</span>
<span>Form
of assisted negotiation. Disputes may also be resolved in a friendly,
non-adversarial manner through facilitation, in which a third party
assists disputing parties in reconciling their differences. The
facilitator helps to schedule negotiating sessions and carries offers
back and forth between the parties when they refuse to face each other
in direct negotiations. Technically, facilitators are not to recommend
solutions. (In practice, however, they often do.) In contrast, a
mediator is expected to propose solutions.</span>
Answer:
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Explanation:
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