B. Accumulating Wealth. It is the way to understand and continuously add to the wealth.
<h3>What is Wealth/Income?</h3>
Wealth or income is the amount that is earned by individuals, the income is earned in many different ways for example an individual can have a business to earn the income, or an individual can have a job that is salary based. Wealth is the other name of income.
Another method of earning and increasing wealth is Interest Income, when an amount is deposited with a financial institution the amount is added with the interest income.
Interest income is calculated on the interest rate, interest rate is the market rate in the prevailing economy. Income can be earned more by working hard and there are many ways to earn income and it is the goal of all the individuals to grow their wealth.
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The business system or organization as a system refers to the structure that are interrelated substructure such as production, sales, marketing etc. They all are connected with each other.
<h3>What is a system? What is its characteristics?</h3>
A system is a set of activities that are organized in a specified manner and followed by an organization in order to achieve the pre-determined goals.
System refers to the grouping of interdependent components or departments in one link for the achievement of the specific objective. For example- coordination among the sales, production or personal department as by their properly interaction, a firm can function effectively and profitably.
In any organization, all the departments must interact or coordinate with each other.
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To calculate the decrease in the GPD, we will have to multiply the decline in the government's spending by the multiplier.
Since the MPC is 2/3, therefore, the multiplier in this case is 3.
Therefore:
<span>if government spending decreases by $6 billion, equilibrium gdp will decrease by 3*$6 billion = $18 billion</span>
Rockefeller built the Standard Oil Company in which h<span>e bought up </span>oil<span> refineries, cut costs, and reinvested </span>his<span> profits in other refineries.</span>
Answer:
Prado: $10,000
Nicks: $20,000
Explanation:
when you look at it Prado always gets less then Nicks so you just give Nicks more
