A command economy is when government central planners own or control the means of production, and determine the distribution of output.
Command economies suffer from problems with poor incentives for planners, managers, and workers in state-owned enterprises.
Central planners in a command economy are unable to rationally determine the methods, quantities, proportions, location, and timing of economic activity across an economy without private property or the operation of supply and demand.
When determining how much money a person will need to borrow in loans for each year of higher education, the person need to take into account future value and the interest rates.
<h3>What is loan?</h3>
A loan is a financial transaction in which one or more individuals, organizations, or other entities lend money to other persons, organizations, or entities.
The recipient incurs a debt and is normally responsible for paying both interest and the principal amount borrowed until the obligation is repaid.
A person must take an account the future worth and interest rates when computing how much income you will be needed to borrow for every year of your higher education.
Therefore, borrower must take into account the future value and interest rates.
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Answer:
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Explanation:
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The answer is: enforce the agreement, as copies of the text messages are sufficient writings.
For an agreement to be enforceable by law, there are several things that need to exist:
- Enforceable agreement (the promise to take care of the daughter)
- An exchange in value (Juli promise to marry him in exchange of him taking care of the daughter)
- Competent parties (both the parties must be psychologically sound)
- Proven consent (could be in the form of writing such as text message or recording)
The agreement between max and Juli fulfill all of those criteria. This is why the court would most likely enforce the agreement.
Answer:
Not counting ethnic variants, there are about 223 different nationalities.