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blsea [12.9K]
3 years ago
7

14. Explain why a free market and laissez-faire are opposites of socialism. (free market,

Business
1 answer:
shusha [124]3 years ago
7 0

Free market and laissez-faire are opposite for socialism as this type of market is free from the government control.

Explanation:

The free market and laissez-faire  are the type of market in which government has no control. The decision of what t produce, how to produce, how much to produce and other decisions like price are decided by the producers itself only.

This type of market is opposite for socialism as the motive of this market is to profit maximization and not social welfare as it is out of from government control.

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Juan Carlos originally hoped to purchase a home. However, because he could not earn enough money to ever afford one, he decided
Ivenika [448]

Answer:

Retreatism

Explanation:

Retreatism -

It is the concept or the methodology , which states that a person resigning the traditions of the society's idea of success and creating their own way of happiness and self satisfaction , is known as the method of Retreatism .

Same case is shown in the question , where Juan Carlos adapted the idea of Retreatism , in order to attain a happy life , by leaving his job and moving to the woods and enjoying the solitude .

5 0
3 years ago
Which one is the correct answer ?
Vinil7 [7]

Answer:

I believe its B.

Explanation:

C and D don't make any sense since it is impractical to suffer during the hot months, and A is wrong (I believe) since the budget needs to be shifted to bring attention to the AC. So by elimination its B.

8 0
3 years ago
Explain why employers need to satisfy the principles of 'clarity' and 'challenge' when setting goals..
Elenna [48]

Goals need to have clarity so that there is no misunderstanding of what is expected. There should be clear measurable outcomes that help employees stay o track.

Goals should be challenging enough to make employees work but should not be unreasonable. This helps employees feel important and that they are not just completing menial tasks.

3 0
3 years ago
The measure of economic performance that compares how much a system produces versus the resources required to produce​ it, is kn
pogonyaev
<span>The measure of economic performance that compares how much a system produces versus the resources required to produce​ it, is known as​ *productivity*.</span>
8 0
3 years ago
elected data of Islander Company follow: As of December 31, Balance Sheet Data 2017 2016 Accounts receivable $ 500,000 $ 470,000
Nataliya [291]

Answer:

(a) 5.41 times

(b) 3.48 times

Explanation:

(a) Accounts receivable turnover for 2017:

=\frac{Net\ Credit\ Sales}{Average\ Accounts\ Receivables}

=\frac{2,500,000}{462,500}

      = 5.41 times

Working:

Average\ Accounts\ Receivables=\frac{Sum\ of\ net\ accounts\ receivable\ in\ 2017\ and\ 2016}{2}

Average\ Accounts\ Receivables=\frac{475,000+450,000}{2}

                                                             = 462,500

(b) Inventory turnover for 2017:

=\frac{cost\ of\ goods\ sold}{Average\ Inventory}

=\frac{2,000,000}{575,000}

      = 3.48 times

Working:

Average\ Inventory=\frac{Sum\ of\ inventories\ in\ 2017\ and\ 2016}{2}

Average\ Accounts\ Receivables=\frac{600,000+550,000}{2}

                                                             = 575,000

8 0
3 years ago
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