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4 years ago

Give an example of an economic activity from a traditional economy that is seen in today's market

1 answer:

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Agriculture - This economic activity is ubiquitous in both traditional and modern markets. Since the Neolithic period, humans have domesticated different crops and animals for human consumption. However, in traditional economies, agriculture is less mechanized than in modern markets. Nevertheless, the basic production of crops and animals in traditional markets is fundamentally the same as mechanized production of the same in modern markets.

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In recent years the cost of producing organic produce in the United States has decreased largely due technological advancement.

Harrizon [31]

Answer:

The correct answer is option D.

Explanation:

Suppose technological advancement has helped in decreasing the cost of producing organic produce. This means that the farmers can now produce more at the same cost. As a result, the supply of organic produce will increase. This will cause a rightward shift in the supply curve.

At the same time, the demand for organic produce has increased. This will lead to a rightward shift in the demand curve.

The rightward shift in both demand and supply curve will lead to an increase in the equilibrium quantity. The change in the price level depends on the extent of the change in demand and supply.

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3 years ago

Formulator and implementer styles are essential to strategic management for all of the following reasons except A) Creating whol

marishachu [46]

C. maintaining the organization without any changes of primary importance

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3 years ago

Read 2 more answers

In order to craft effective business messages, beginning writers should follow the writing process closely. The first step in th

lisov135 [29]

Why am I sending this message?

What do I hope to achieve by sending this message?

Explanation:

First and foremost, to define the intent to which the letter is sent prior to writing the business message.

Good writing allows the author to carefully think about the intent of writing, to prepare what he can say, to plan how he can communicate and to consider what the reader needs to know. It also involves reviewing and revising strategies and documents to enhance them.

Editing is an examination of a text to correct any errors. These errors could be as simple as orthography or grammar errors, or as complicated as your written flow and clarity. Many authors find the editing checklist useful when their own work is corrected.

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3 years ago

, is putting together this year's financial statements. He has gathered the following balance sheet information: The firm had a

sergiy2304 [10]

Answer:

Blossom Automotive have long-term debt of <u>$174,321</u>.

Explanation:

This can be estimated using the following accounting equation:

Total Assets = Shareholders' equity + Total liabilities ............... (1)

Where;

Total Assets = cash balance + inventory + goodwill and other assets + net plant and equipment + accounts receivable + other current assets = $23,015 + $214,500 + $78,656 + $714,100 + $141,258 + $11,223 = $1,182,752

Shareholders' equity = common stock + retained earnings = $311,900 + $512,159 = $824,059

Short-term liabilities = accounts payable + short-term notes payable = $163,257 + $21,115 = $184,372

Total liabilities = Short-term liabilities + long-term debt = $184,372 + long-term debt

Substituting the relevant values into equation (1) and solve for long-term debt, we have:

$1,182,752 = $824,059 + $184,372 + long-term debt

long-term debt = $1,182,752 - $824,059 - $184,372

long-term debt = $174,321

Therefore, Blossom Automotive have long-term debt of <u>$174,321</u>.

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3 years ago

The fundamental purposes of communication are to provide information and instructions, to influence others, and to ________ acti

SSSSS [86.1K]

You don't communicate to convey activities, or to integrate activities. We can, therefore, eliminate answers "a," "b," and "e."

So is our purpose to discuss or organize an activity? Either answer fits. We discuss activities to gather the opinions of others regarding said activities. But discussing is, itself, a form of communicating, it is not an outcome. The other points listed are outcomes "we provide... influence... [through communication]." Therefore, the answer must be "c. organize".

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3 years ago