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3 years ago

How do free market and planned economies differ in the allocation factors factors of production. provide examples

Business

2 answers:

SIZIF [17.4K]3 years ago

6 0

Answer:

<h3>Market economies utilize private ownership as the means of production and voluntary exchanges/contracts.</h3>

<h3>In a command economy, governments own the factors of production such as land, capital, and resources.</h3>

<h3>Most nations operate largely as a command or market economy but all include aspects of the other.</h3>

<h3>The type of economy also influences the political and social landscape of a nation, with command economies being more authoritarian and market economies allowing for more personal freedom. </h3>

cricket20 [7]3 years ago

3 0

Answer:

Makret planned econmies differ in the allocation facters of production because of the stock market crash

Explanation:

Some examples will be the stock market crash

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Levart [38]

Answer:

C. Fixed Factory Overhead Per Unit

Explanation:

Variable costing and marginal costing income statements mainly differ because of treatment of fixed factory overhead.

Inventory costs under variable costing include only direct material, director labor and variable factory overhead.

Whereas in absorption costing, fixed factory overhead also become part of product cost in addition to direct material, direct labor and variable factory overhead.

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4 years ago

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ahrayia [7]

Answer:

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Explanation:

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2 years ago

The following transactions were completed by the company.

myrzilka [38]

Answer:

there is not enough room here, so I used an excel spreadsheet.

Explanation:

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3 years ago

For the period from 2019 to 2020, a company reports the following: Percentage change in sales 30% increase Percentage change

timama [110]

Answer:

If sales are $5,000,000 in 2019, the sales in 2020 will be

$6,500,000

Explanation:

a) Data and Calculations:

2019 2020 Change

Percentage change in sales 100% 130% 30% increase

Percentage change in cost of

goods sold 100% 120% 20% increase

Percentage change in

gross profit 100% 125% 25% increase

Sales are in 2019 = $5,000,000 $6,500,000 ($5 million * 130/100)

Alternatively, the 30% increase can be computed, to get $1,500,000 ($5,000,000 * 30%). This change in sales is then added to the 2019 sales figure to get $6,500,000, which is the sales in 2020.

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3 years ago

Why is international employment important? How does it help for economic development of the country? classify

ira [324]

Explanation:

Going from one country to another country for job and to earn money is called foreign employment. People of Nepal go to different countries of the world for jobs and earn.

The important of foreign employment are :

Country can get lots of foreign currency as the remittance which can be establish industries in the country.
Foreign employment reduces the unemployment problem of a country.

I hop it will help you so. ✌✌✌✌

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3 years ago