1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ganezh [65]
3 years ago
12

In a free enterprise system the decisions about what and how many goods and services will be produced are made by?

Business
1 answer:
snow_lady [41]3 years ago
5 0

Answer:

Private individuals.

Explanation:

In a free enterprise system, the decisions about what and how many goods and services will be produced are made by private individuals.

Free enterprise system is an economic system in which the ownership and control of means of production (resources) and distribution of goods and services are determined by private individuals. Here, private individuals decide what, how and for whom to produce while the government does not interfere in economic activities. The allocation of resources and price determination are influenced by the forces of demand and supply called price mechanism, which Adam Smith referred to as 'Invisible Hand'.

Free enterprise system is also known as Capitalist economy, Capitalism and Free market system. Countries that practice more of free enterprise system are Singapore, New Zealand, Hong Kong, Australia and Switzerland.

You might be interested in
The Doritos advertising effort of "Live Mas," which is Spanish for "Live More," is meant to suggest a lifestyle aspiration. If c
vagabundo [1.1K]

Answer:

C

Explanation:

The consumers associated the saying with the Doritos brand.

7 0
3 years ago
The listing agent received a full price offer that she faxed to the out-of-town seller. The seller signed the faxed copy, and fa
ExtremeBDS [4]

Answer: Yes contract has been formed.

Explanation: According to the Uniform Electronic Transaction Act (UETA), electronic transactions are just as binding as transactions made on hardcopy documents. Moreover signatures made electronically reinforces the validity of these elctronic documents.

In the scenario the actual signature was signed on a hard copy by the seller, but it was then faxed back to the listing agent. This faxed copy, showing the faxed signature, is an electronic document that confirms the existence of the contract in accordance with the UETA. This faxed signature is as enforceable as an ink signature.

6 0
3 years ago
The purpose of ______ is to match supply and demand among the producers and consumers of society as a whole.
Alisiya [41]

The purpose of Microeconomics is to match supply and demand among the producers and consumers of society as a whole.

<h3>What is microeconomics?</h3>

Microeconomics is the study of decisions made by people and businesses regarding the allocation of resources, and prices at which they trade goods and services.

Examples of microeconomics include:

  • Supply
  • Demand
  • Competition
  • Prices of goods

Hence, Microeconomics aims at matching supply and demand among the producers and consumers of society as a whole.

Learn more about microeconomics here : brainly.com/question/8648375

7 0
2 years ago
In 2 to 3 sentences
andre [41]
<span>The GDP per capita calculates what theoretically would be the </span><span>share of every individual in the country if the GDP was destributed equally. The economy of course is very different in reality where everyone ends up with a different portion depending on a lot of other factors.

</span>

3 0
3 years ago
Read 2 more answers
Suppose during the course of a year an economy produces $7 trillion of consumer goods, $1 trillion of investment goods, $5 trill
In-s [12.5K]

Answer:

D) $12 trillion.

Explanation:

GDP is the sum of all final goods and services produced in an economy within a given period which is usually a year.

GDP = Consumption + Investment + Government Spending + Net Export

Net Export = Export - Import

Net Export = $1 - $2 = -$1

GDP = $7 + $1 + $5 - $1 = $12

All calculations are in trillion

I hope my answer helps you.

4 0
3 years ago
Other questions:
  • Interest versus dividend expense Michaels Corporation expects earnings before in- terest and taxes to be $50,000 for the current
    11·1 answer
  • A consultant was telling newly-hired salespeople about techniques they can use to increase sales. at one point he was talking ab
    14·1 answer
  • What is the major source of revenue for most state governments?
    8·2 answers
  • A period of very low inflation would most likely lead to
    11·2 answers
  • If manufacturing overhead has been underallocated during the period, then which of the following is true?(a) the jobs produced d
    10·1 answer
  • Determine the total equivalent units for direct materials, assuming that the first-in, first-out method is used to cost inventor
    9·1 answer
  • The decision by shoe store owners to fix their prices will result in consumers paying _____ prices. lower higher the same
    14·2 answers
  • 16. Which of the following statements about capital budgeting is correct? A. The timing of cash flows is irrelevant in capital b
    15·1 answer
  • The security market line is a positively sloped straight line that displays the relationship between expected return and _______
    8·1 answer
  • Which of the following statements regarding the graphs tool are correct? Check all that apply. All graphs contain at least one g
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!