Suppose that in the country of Worthland, the productive resources are owned by the state and most economic decisions are made by its central government. This country has "planned economy".
<h3>What is planned economy?</h3>
An economic system where the components of the economy (such as labor, capital, and natural resources) are under the direction and regulation of the government in order to meet the goals of an all-encompassing economic development plan; contrast with free enterprise.
Some features of planned economy are-
- The government owns and controls all resources.
- Producer or consumer sovereignty do not exist.
- The pricing of products and services cannot be determined by market forces.
- The government's principal goal is to provide products and services to everyone, not to make a profit.
- As a result, the government decides what sorts of things and services will be created, how those goods and services will be made, and who will use them.
Characteristics of this economy include-
- governmental control of wages and pricing,
- limited property rights,
- government ownership of key businesses and industries, and
- robust black markets.
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Answer:
BUDGET LINE
Explanation:
Budget Line is graphical representation of product combinations that a consumer can buy, given product prices & income (all spent)
It is downward sloping because of inverse relationship between goods - one good's consumption has to be decreased to increase other good's consumption, given same prices & income.
Budget Line Equation : x.px + y.py = m
[x = quantity of good x, px = price of good x, y = y good quantity, py = good y price, m = money income].
Slope of Budget line is : Amount of a good sacrifised to attain the other good, given same prices & income. The sacrifise ratio gets derived from the price ratios of the two goods.
Budget Line Slope = ΔY / ΔX = PX / PY
The complete question should have been:
Promotion objectives should possess three important qualities. They should be designed for a well-defined target audience, measurable and cover a _________
Answer should be: Cover a specific period of time
Explanation: A promotion is a method businesses creates awareness for their products by giving buying incentives such as: price discounts and bonuses. Promotions normally run for a special period during which buyers can enjoy these buying incentives.
Their strength is to help the society by transforming and touching peoples lives for the better especially inmate and ex inmate women.
Televerde system help to do the following:
•They help to train and provide job opportunities for both ex inmate and current inmate women.
•They help to provide support for both inmate and ex inmate so that they can be confident , independent , take control or take charge and be responsible for their own lives.
•They help to provide workshop and training for both inmate women and ex inmate women in order to prepare them for the future as this will help them to meet their needs instead of depending on others.
Inconclusion Their strength is to help the society by transforming and touching peoples lives for the better especially inmate and ex inmate women.
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Answer: Nothing, I just want it all if I would remove something I would of tell you. But I don’t. :)
Explanation: