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2 years ago

How does capitalism differ from socialism when it comes to the ownership of property?

2 answers:

8 0

Ownership. In a capitalist economy, property and businesses are owned and controlled by individuals. In a socialist economy, the state owns and controls the major means of production. In some socialist economic models, worker cooperatives have primacy over production

tiny-mole [99]2 years ago

7 0

For anyone who still needs this, here's my answer from Edge:

Capitalism is built on the respect of private property, meaning that the government cannot control what people buy with their obtained wealth. In socialism, however, the government has more control over the economy. Property like business buildings may be owned and ran by the government rather than a single individual.

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Becoming a manager means a profound transformation in the way people think of themselves, called personal , which includes letti

gregori [183]

The correct answer that will complete the sentence above after the word, personal is identity. It is because it is true that personal identity is the one responsible for an individual to let go of the attitudes that he or she holds deeply in a way of making way for another attitude that he or she will learn and that is new in his or her environment.

3 0

2 years ago

Applying Overhead to Jobs, Costing Jobs Jagjit Company designs and builds retaining walls for individual customers. On August 1,

k0ka [10]

Answer:

Job 93 Job 94 Job 95 Job 96

1. Labor Hours 120 300 145 50

2. Overhead applied rate $906 $2,400 $1,160 $400

Explanation:

Labor rate per hour = $18

Labor hours = Total Labor cost / rate per hour

Job 93 = $2,160 / $18 = 120 hours

Job 94 = $5,400 / $18 = 300 hours

Job 95 = $2,610 / $18 = 145 hours

Job 96 = $900 / $18 = 50 hours

Overhead applied rate = Labor Hours x overhead applied rate

Job 93 = 120 x $8 = $960

Job 94 = 300 x $8 = $2,400

Job 95 = 145 x $8 = $1,160

Job 96 = 50 x $8 = $400

3 0

3 years ago

An open-end investment company that can issue an unlimited number of its shares to investors and use the pooled proceeds to purc

artcher [175]

Answer:

A. a mutual fund

Explanation:

A mutual fund -

It is a type of financial vehicle , where the money collected by the investors , is pooled and then further invested in securities , like the bonds or stock market is referred to as mutual fund .

Any investor can invest their money in the mutual funds , it is a indirect form of investing in the stock market .

The returns obtained by mutual funds are dependent on the stock market .

Hence , from the given information of the question ,

The correct option is A. a mutual fund .

5 0

2 years ago

GDP includes a. final goods and inventories of imported intermediate goods. b. intermediate and final goods to count all goods a

Elina [12.6K]

Answer: c. only final goods to avoid double counting when including intermediate goods

Explanation:

The Gross Domestic Product (GDP) is an economic measure that aims to quantify the strength of an economy by checking it's Economic Activity.

When Calculating GDP, the FINAL value of goods and services produced WITHIN a country are the only amounts included to avoid Double Counting of products.

For example, if in making a television, the company making the TV bought electrical parts for $100 and the LED screen for $50 with labour costs of $50 and then sold it to a store for $300 that then sells the Television at $500, $500 is the amount that is included in GDP calculation. None of those other figures will be added again because they are already implicitly included in the final $500.

6 0

2 years ago

What is the formation of a franchise ?

True [87]

Answer:

Franchise is the method where the business is expanded by opening outlets and that are to run or operated by the independent owners. The process or procedure of franchise is costly but will be regarded as an investment.

Explanation:

Formation or Steps of Franchise

1. Measure the Pros and Cons - Before starting a franchise, one should use a tested and a tried business model. As it will provide helpful services like advertising, training and business advice.

2. Select the Right Franchise - It is vital to choose a franchise which suits goals, personality and skills of the person. I

3. Formation of LLC (Limited Liability Company) or Corporation - It is advantageous or beneficial for the person to start the franchise as a corporation or LLC. In both the cases, whether LLC and a corporation offers or provides liability protection and the tax breaks which are beyond the reach of the sole proprietor.

4. Conduct Research on Market Conditions and Opportunities of Franchise -Need to have a good understanding of the conditions of the local market . And in order to locate good opportunities of franchising, require the assistance of a franchising consultant. One should make sure that while choosing the franchise should have the following characteristics:

a. Sufficient experience

b. Reasonably quick time to profitability

c. Affordable initial and ongoing costs

5. Need to create a Business Plan - Well-written business plan will help the person to be in state of being organized and deliver better pitches to the investors. The business plan must include the following:

a. Company protocol

b. Rules

c. Training manual for Employee

6. Have a Secure Financing - When starting a franchise, the person should have sufficient amount of capital in order to cover the initial franchise fee and the startup costs.

7. Sign the Franchise Agreement or Contract - Last step is to sign the contract and then can start the business.

6 0

2 years ago