Okay so 300 meters per minute and he ran 8 minutes..
300x8=2400
He still had 600 left to go...
2400+600=3,000
He had to run three times longer than Eric...
3000/3=1000
Does that make sense?
Answer:In a free market economy, the law of supply and demand, rather than a central government, regulates production and labor. Companies sell goods and services at the highest price consumers are willing to pay, while workers earn the highest wages companies are willing to pay for their services. A purely capitalist economy is a free market economy; the profit motive drives all commerce and forces businesses to operate as efficiently as possible to avoid losing market share to competitors.
Step-by-step explanation:
Answer:
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Step-by-step explanation: