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3 years ago

How does free enterprise economy's freedom of producers provide benefits for individual consumers?

1 answer:

6 0

Free enterprise economy's freedom of producers provide these five benefits for individual consumers:
1. Private PropertyAny individual has the right to own a private property for business and on business purposes.
2. Voluntary exchange
The government can own the land without the permission of the owner.
3. Public Property
Any property that is government owned. 4. Choice5. Voluntary expense

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Sam Malloy owns a small business and has built a substantial estate both with his business success and his early career as a pro

zvonat [6]

Answer: Establish a revocable living trust.

Explanation:

A revocable living trust is a written document that details how an individual assets would be handled after they die. They are used to avoid probate and protect privacy of the trust owner, beneficiary of trust and reduce estate taxes. Assets placed in the beneficiary name are transfered from the owners account or details to theirs.

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3 years ago

Define the business cycle.

Tpy6a [65]

a cycle or series of cycles of economic expansion and contraction.

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3 years ago

Read 2 more answers

How could the journalist improve this article to be less biased?

liubo4ka [24]

We need to see the article to give the best answer, but the closest choice would be D.

Giving both sides of the story is one way to avoid bias (aka favoring) toward one side.

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3 years ago

Department M had 2,000 units 59% completed in process at the beginning of June, 11,400 units completed during June, and 900 unit

satela [25.4K]

Answer:

Total equivalent units= 10,490

Explanation:

Equivalent Units

To apportion cost between work in progress and completed units in a particular period, we use equivalent units. Equivalents units are notional whole units which represent incomplete work and are used to apportion cost between completed units and work in progress

Equivalent Units = Degree of Completion × Units of inventory

Under the first in first out(FIFO) method, to account for the units of work completed the opening inventory are separated and distinguished from the units newly introduced in the period.

Another principle under this method is that only the percentage of work yet to be completed on the units of opening are done in the current period

Fully worked = 11,400 -2000 = 9400

The fully worked represents units of inventory started this current period and completed in the same period.

It implies that out of 11,400 completed in the period 2,000 units represent the opening inventory carried forward and the balance is fully worked

Item working Equivalent units

Opening inventory (100-59)%× 2000 = 820

Fully worked 100% × 9400 = 9400

Closing inventory 30% × 900 = 270

Total equivalent units 10490

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3 years ago

In the context of direct competition,__________is defined as the degree to which two companies have overlapping products, servic

babymother [125]

Answer:

Market Commonality

Explanation:

Market Commonality refers to the number of markets, with which firm & its competitors are jointly involved. It denotes the way in which firms & competitors are involved in market, also depicting importance of inter dependent individual markets to each.

So, the concept of 'market commonality' is representative of the degree to which two companies have overlapping products, services, or consumers in multiple markets.

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3 years ago