Answer:
market is a composition of systems, institutions, procedures, social relations or infrastructures whereby parties engage in exchange. While parties may exchange goods and services by barter, most markets rely on sellers offering their goods or services to buyers in exchange for money. It can be said that a market is the process by which the prices of goods and services are established. Markets facilitate trade and enable the distribution and allocation of resources in a society. Markets allow any trade-able item to be evaluated and priced. A market emerges more or less spontaneously or may be constructed deliberately by human interaction in order to enable the exchange of rights of services and goods. Markets generally supplant gift economies and are often held in place through rules and customs, such as a booth fee, competitive pricing, and source of goods for sale.
Explanation:
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Private owners' primary aim in capitalism is money creation.
A system of economics referred to as "capitalism" is one that promotes private ownership of the tools of creation, distribution, and exchange in order to generate profit. In this system, the market decides the production and pricing of the goods and services, hence supply and demand dynamics are very important.
An economic system known as capitalism is one in which private individuals own and manage the trade and industries of the economy in order to profit.
What is Capitalism:
Capitalism, which includes both the working class and the capitalist class, supports class differentiation, there is a significant gap between the rich and the poor. On the other hand, communism is opposed to class inequalities in society since it supports a society in which there is no distinction among the rich and the poor.
In a capitalist society, everyone is responsible for generating their own wealth. Contrarily, in communism, wealth is dispersed in accordance with needs and capacity. While there is intense competition between businesses in capitalism, this is not the case in communism, because the government controls the market. While capitalism exists in western nations, socialism is more prevalent in eastern nations.
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Answer:
the main sources of revenue for local government is property taxes
Answer:
$3,800
Explanation:
According to the scenario, computation of the given data are as follow:-
Particular Amount ($)
Bills of doctor and dentist and hospital expenses 9,200
Less-received an insurance reimbursement 4,400
Add-prescribed medicines and drugs 3,000
Add-high deductible health insurance policy 5,000
Total expenses 12,800
Less- AGI’s 7.5% ($120,000 × 7.5% ) $9,000
After Deduction medical expenses for 2019 $3,800
Contribution of $2,600 to a qualification health savings account is a deduction for AGI. So it is not calculated in deduction.
According to the analysis, option (C) $3,800 is correct.
