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soldi70 [24.7K]
4 years ago
15

Select all the items that describe a free market economy.

Business
2 answers:
Feliz [49]4 years ago
4 0
The items that describe a free market economy are  :
- Freedom for consumers and producers
- Distribution by price
- Motivated by self-interest

Hope this helps
sp2606 [1]4 years ago
4 0

Answer:

freedom for consumers and producers

competition between businesses

distribution by price

motivated by self-interest

Explanation:

Select all the items that describe a free market economy.

In a free market system ,there is an interaction between the forces of demand and supply. It is a market where prices are determined by private owners not rules and regulations by the government.

Items involved in a free market system are the following

a.freedom for consumers and producers

b. competition between businesses : The competition is free and fair for all

c .distribution by price : Distribution is by commodity prices

d. motivated by self-interest:  Free markets is usually motivated by the interest to supply goods and services to meet the needs of the society and in turn, when there is a demand for goods and services, then buyers will show up.

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unemployed

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You have been asked to analyze the bids for 200 polished disks used in solar panels. These bids have been submitted by three​ su
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Answer:

the price per unit is $1.20

Explanation:

The computation of the price per unit for Thailand Polishing is shown below:

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So, 12 baht it is

= 1 ÷ 10 × 12 baht

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The same should be considered

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3 years ago
You do an extensive survey and learn that 15 out of the 200 people surveyed like to eat out on Tuesdays. You then look only at t
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The family should be less likely to eat out on Tuesday as compared to the general population.

Given that,

  • Out of 200 people, 15 people should eat out on Tuesday.
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Based on the given information, we can conclude that the family should be less likely to eat out on Tuesday as compared to the general population.

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3 0
3 years ago
What is business idea? Explain its characteristics​
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2 years ago
Following are the transactions of a new company called Pose-for-Pics.Aug. 1 Madison Harris, the owner, invested $8,000 cash and
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Answer:

Aug 1

Dr cash $8,000

Dr photography equipment $34,400

Cr Common Stock $42,400

Aug 2

Dr Prepaid Insurance $3,000

Cr Cash$3,000

Aug 5

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Cr Cash$1,520

Aug 29

Dr Cash $4,000

Dr photography fees earned $4,000

Aug31

Dr Utilities expense $884

Cr Cash $884

Explanation:

Preparation of the general journal entries for the above transactions.

Aug 1

Dr cash $8,000

Dr photography equipment $34,400

Cr Common Stock $42,400

(8,000+34,400)

Aug 2

Dr Prepaid Insurance $3,000

Cr Cash$3,000

Aug 5

Dr Office supplies $1,520

Cr Cash$1,520

Aug 29

Dr Cash $4,000

Dr photography fees earned $4,000

Aug31

Dr Utilities expense $884

Cr Cash $884

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3 years ago
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