What economies are driven by supply and demand?

1 answer:

3 0

The world’s economic systems fall into one of four main categories: traditional economy, market economy, command economy and mixed economy; however, there are unlimited variations of each type. An economic system must define what to produce, how to produce it and for whom to produced it. Depending on the products produced and the environment, certain economic strategies will be more successful than others. This might help :)

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andrey2020 [161]

The unification of Germany into a politically and administratively integrated nation state officially occurred on 18 January 1871, in the Hall of Mirrors at the Palace of Versailles in France. Princes of the German states, excluding Austria, gathered there to proclaim Wilhelm I of Prussia as German Emperor after the French capitulation in the Franco-Prussian War.

6 0

3 years ago

Companies that have become successful with a limited standard product offering often fall into the trap of subsequently broadeni

DiKsa [7]

Answer:

True

Explanation:

When a company successfully offers a product or few products to customers, it tends to expand the range of products it has to offer.

For a company to increase its range of products successfully, it has to realize that it must make corresponding changes to its processes to accommodate the addition of new products.

However oftentimes, companies do not make the necessary changes to their process strategy when expanding their product offerings.

8 0

4 years ago

Clayborn Company deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of b

Mrrafil [7]

Answer:Adjusted cash balance = $21,800

Explanation:

A bank reconciliation statement is a document that shows the cash balance on a company’s balance sheet to match with the amount on its bank statement. This statement helps the company in maintaining correct cash records thereby eliminating any form of cash manipulation.

To determine , the adjusted cash balance, we prepare a Reconciliation statement document.

Clayborn Company Bank Reconciliation statement ending May 31st.

Cash balance by bank statement $20,600

Deposit in transit(add) +$7000

Less Outstanding checks -$5,800

Adjusted cash balance $21,800

Cash balance from Clayborn record $23,025

less Ban service fees -$ 85

less NSF Check -$1140

Adjusted cash balance $21,800

3 0

3 years ago

Maggie called her insurance agent after estimating the damages. She had already spent $2,000 on pumping out the water and repair

Helga [31]

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3 years ago

Why might a town decide to issue bonds?

fredd [130]

The answer is C) Both A and B

When a town issues bonds, it is issuing an IOU with interest, usually to help fund projects (such as roads or bridges) or to provide a public service.

Keep in mind that the town is saving money for residents only if it is the residents of the town who purchase the bonds. These bonds enable the residents to earn a return on their savings, since they are entitled to be paid back by the town with interest at a predetermined date.

8 0

3 years ago

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