When some allocation of resources is made by the market and some is made by the government an economy is said to be a be a mixed economy.
A system that has elements of both capitalism and socialism is called a mixed economy.
A mixed economy protects private property and permits some economic freedom in the use of capital, but it also permits government intervention in the economy to further social objectives.
Neoclassical theory states that mixed economies are less effective than pure free markets, but proponents of government interventions contend that the fundamental requirements for efficiency in free markets, such as equal information and rational market participants, cannot be met in actual practice.
A mixed economy is one that is structured with a combination of free-market and socialist components and that falls somewhere on the spectrum between pure capitalism and complete socialism.
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Answer:
price
Explanation:
supplier will be willing and able to sell products for high prices as their able to make a good profit
Answer:
Inflation is an increase in the general price level in an economy. It is probably caused by the relative increase in the amount of money in relation to the available economic production. If the social money supply increases and the country's production is not matched, the average price level will rise due to the increased demand for goods. Due to the price increases, the value of money, the purchasing power of money, decreases. You can buy less for the same amount, thus lowering demand.
Answer:
The amount Nenn debited to write off of actual bad debt is $36,000
Explanation:
Allowance for Uncollectible beginning = $200,000
Allowance for Uncollectible at the end = $190,000
Bad debt expense reported = $26,000
Amount Nenn debited to write off of actual bad debt = $200,000 + $26,000 - $190,000 = $36,000
Answer:
trading company.
Explanation:
A trading company is the type of business that trades in different line of products and services, and sells to consumers, business, governments, etc. They purchase a particular range of product stock it and delivers to customers. They also cover operations and procedures that comes with import and exports, they can buy product from different countries and sell them in another country. This depends on their distribution network.
