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Artemon [7]
3 years ago
15

For what purpose are goods and services produced in a socialist economy?

Business
2 answers:
Burka [1]3 years ago
5 0

Answer: To meet all consumer needs

Explanation: In a socialist economy good and services are produces for direct use. Unlike a capitalist economy where goods and services are produced to earn profits. The purpose of producing goods in a socialist economy is to utilise the economy's scarce resources in a way that maximum consumer needs can be satisfied.

Thus, option D- to meet all consumer needs is the correct choice.

Pavel [41]3 years ago
5 0
<span>Hi, happy to help!
D. to meet all consumer needs!
As meeting consumer needs is the only way to make profit!</span>
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A company manufactures various sized plastic bottles for its medicinal product. The manufacturing cost for small bottles is $67
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Answer:

The company should buy from an outside source rahter than manufacturing because each bottle manufactured costs $5 more.

Explanation:

Differential Analysis

                                                          Make            Buy

Manufacturing Cost per bottle         $ 67

Purchasing Cost per bottle                                  $35

Freight per bottle                                                  $ 5

<u>Fixed Costs                                                            $ 22   </u>

<u>Total                                                   $ 67              $62   </u>

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The company should buy the bottles from the  outside source because the manufacturing costs are higher than the purchasing costs and the fixed costs.

The fixed costs are the irrelevant costs that will continue whether bottles are manufactured or purchased.

6 0
2 years ago
Which would have the smallest effect on the amount of money a candidate spends on a campaign?
Marat540 [252]
The number of opponents a canidate faces
8 0
3 years ago
The most important difference between for-profit businesses and nonprofit organizations is that:
kolezko [41]

The most important difference of the two or between businesses in the profit and nonprofit organizations is that in terms of nonprofit organizations, the organization owners does not make money, while the profit organizations—it makes money for the organizations’ owners.

7 0
3 years ago
All of the following distributions of stock dividends are taxable except: a. The shareholders have the choice to receive cash or
kati45 [8]

Answer:

d. The distribution gives preferred stock to some common stock shareholders and common stock to other common stock shareholders.

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This is likely the answer to the question. There is no way preferred stock would be given to some common stock shareholders while common stock to other stock to others.

4 0
3 years ago
A farmer raises wheat and pays a portion of it as a tax that is collected by government agents and sent to a central storage fac
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Answer: redistribution

                                         

Explanation: In simple words, redistribution refers to the process in which something is distributed in way to achieve a specific objective like equality etc.

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Hence from the above we can conclude that the given example depcits redistribution.    

8 0
3 years ago
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