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seraphim [82]
3 years ago
14

What is the purpose of a free-market system?

Business
2 answers:
djyliett [7]3 years ago
8 0

Answer:

To allow consumers and producers to make their own decision

Nady [450]3 years ago
6 0

Answer:

<em>D. To allow consumers and producers to make their </em>

<em>own decisions</em>

Explanation:

A <em>free-market system</em> is the market form determined by free market forces of demand and supply.

No government intervention takes place in this form of market as in a centrally planned economic system. This non- intervention of the government prevents <em>economic distortions</em> in the system, which is good for the market.

In a <em>free market system</em> the forces of demand and supply, decide the price of the goods and thereby the output adjustments. The consumers are free to decide the demand and producers are free to decide the product the supply of goods.

Hence, it can be said that <em>the purpose of a free-market system is to allow consumers and producers to make their own decisions.</em>

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In cultures that are high in uncertainty avoidance,————-
lukranit [14]

Culture is known to be the way of life of people in a particular place. In cultures that are high in uncertainty avoidance is one where orderliness, consistency, and structure are important.

  • Uncertainty avoidance is simply known as the way cultures socialize its people or members to feel in uncertain, novel, surprising, or in surprise situations.

People who have high uncertainty avoidance cultures often capitalizes on strict orderliness and consistency in behavior.

Conclusively, The ability to approach cross-cultural work relationships with a learner mind-set is known to be an attribute of high cultural intelligence.

Learn more about Culture from

brainly.com/question/25010777

6 0
2 years ago
Your task is to design a rectangular industrial warehouse consisting of three separate spaces of equal size. The wall materials
Nadya [2.5K]

Answer:

Explanation:

I think your question is missed of key information, allow me to add in and hope it will fit the original one. Please have a look at the attached photo.

Given:

  • Cost $71 per linear foot
  • Budge $34080 for those walls

Let X is the the length

Let Y is the width

From the photo, we can see that

(4X + 6Y)*71 = 34080

<=> (4X + 6Y) = 480

<=> Y = 80 -  \frac{2}{3}X

The are of the rectangular industrial warehouse:

A(X) = 3Y*X

<=> A(X) = 3(80 -  \frac{2}{3}X )X

<=>A(X) = (240-2X)X = 240X - 2X^{2}

So A'(X) = 240 - 4X

Let A'(X) = 0, we have:

240 - 4X = 0

<=> X = 60

=> Y =(80 -  \frac{2}{3}X ) = 80 -  \frac{2}{3}*60 = 40

So the dimension to maximize total area is: 60 in length and 40 in width

5 0
3 years ago
دریافت رمز شماره کارت عابربانک وحساب بهاره تبری
frez [133]
SORRY BUT YOU CAN ANSWER THIS HERE YOU HAVE TO FIND A WEBSITE FOR YOUR LANGUAGE
5 0
3 years ago
Read 2 more answers
Hoosier Manufacturing operates a production shop that is designed to have the lowest unit production cost at an output rate of 1
soldier1979 [14.2K]

Answer:

The Capacity utilization rate is 73.94 units per hour for the month.

Explanation:

Provided data,

Output rate = 160 units per hour

In the month of July,

Total production hour = 295 hours.

Total units = 34900 units.

Ideal output units in the month of July = output rate × total production hour

= 160 × 295

= 47200 units.

Capacity utilization rate of production shop is given by,

Utilization rate = (output unit in July ÷ idea output) × 100

= (34900 ÷ 47200) × 100

= 0.7394 × 100

= 73.94 units per hour

So, the Capacity utilization rate is 73.94 units per hour for the month.

7 0
3 years ago
A bank that has liabilities of $150 billion and a net worth of $20 billion must have:
Yakvenalex [24]
Had to look for the options and here is my answer. Given that the bank possesses a liability that is worth $150 billion and its net worth is only $20 billion, then this would mean that the bank must have ASSETS OF $170 BILLION. Hope this answers your question.
7 0
3 years ago
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