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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.

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This is an example of negative environmental impact of human activities. Nick's factory should be closed immediately. He is destroying a very important ecosystem for the community. 
8 0
3 years ago
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Choose the correct statement. A. Income tax creates a deadweight loss in the markets for capital and labor. B. Income tax is a t
mixer [17]

Answer:

The correct answer is option A.

Explanation:

Income tax is a tax imposed by the government on the income earned by the individuals. This income can be from capital and labor. It creates a deadweight loss in the market for labor and capital.

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7 0
3 years ago
How can investors receive compounding returns? A: by selecting a savings account that has a higher interest rate B: by investing
ollegr [7]
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6 0
3 years ago
Which of the following formulas is used to compute the accounting rate of return?
tekilochka [14]

Answer:

Option (A) is correct.

Explanation:

Accounting rate of return is determined to take the efficient business decision related to the capital budgeting and it tell us whether to accept the proposal or not. The following is the formula:

Accounting rate of return = (Average Income ÷ Initial Investment)

For example:

Net profit for 3 years are as follows:

2012 - 13 = $50 million

2013-14 = $100 million

2014-15 = $150 million

Initial investment = $200

Average profit = ($50 + $100 + $150) ÷ 3

                        = $100

Accounting rate of return = (Average Income ÷ Initial Investment)

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                                          = 0.5 or 50%

5 0
3 years ago
PLEASE HELP MEE!
zzz [600]

Answer:

Differentiator

Explanation:

I'm not sure about it but honestly I think its the one, since Karen is suing something different that hasn't been seen on other Italian pasta cookers.

7 0
2 years ago
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