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stepladder [879]
4 years ago
7

In a free enterprise system, what drives individuals to risk their savings in a business venture?

Social Studies
1 answer:
viva [34]4 years ago
8 0
In a free enterprise system, what drives individuals to risk their savings in a business venture IS THE POTENTIAL FOR PROFITS.
In a free enterprise system, the forces of supply and demand is what determines what happen in the market, so there is a great potential for producers to make huge profits if they engage in producing the right products.The tendency of making profits is what makes many people to establish business in free enterprise system. 
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Answer:

Positive Correlation is the direct relationship between salary, education - i.e high education, high salary & low education, low salary.

Explanation:

Correlation is statistical co-movement between two variables. It's coefficient lies between -1 & +1

Positive Correlation implies that variables are positively related. One variable increase, other variable increase & one variable decrease, other variable decrease. Scatter graph is upward sloping.

Negative Correlation implies that variables are negatively related. One variable increase, other variable decrease & one variable decrease, other variable increase. Scatter graph is downward sloping.

Lower education implies lower salary, Higher education implies higher salary, higher education. So, salary & education are positively correlated. Scatter graph is downward sloping in this case. The correlation between these could be  Perfect Positive = +1, or Moderate Positive i.e < 1.

Example : If among accountant, architect, pharmacist, surveyor - The one having highest education (eg - pharmacist) gets highest salary ; the one having least education (eg - surveyor) has least salary.

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Who brought the first human civilization?

Early civilizations arose first in Lower Mesopotamia (3000 BCE), followed by Egyptian civilization along the Nile River (3000 BCE), the Harappan civilization in the Indus River Valley (in present-day India and Pakistan; 2500 BCE), and Chinese civilization along the Yellow and Yangtze Rivers (2200 BCE).

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