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diamong [38]
3 years ago
12

Explain the relationship between consumers and producers in economic growth and activity

Business
1 answer:
Strike441 [17]3 years ago
3 0

The economy consists of producers, who make and sell goods and services, and consumers, who buy the goods and services.

Producers rely on consumers to buy from them, and consumers rely on producers to provide the goods and services they want.

Money allows this relationship to work.

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When additions of input to a fixed quantity of another input lead to progressively smaller increases in output, we say we are fa
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Answer:

Production Possibilities Curve (Unattainable with the resources we have)

Explanation:

Assuming you are talking about macroeconomics, giving up an increasing amount of production of product A to be able to produce product B, that is the PPC.  

6 0
2 years ago
Outline the benefit of running a business
steposvetlana [31]

Answer:

Explanation:

"Owning and running your own business can be more satisfying and fulfilling than working for someone else. Many successful small business owners find they enjoy the respect they earn from their peers for having the courage to go out on their own. Power. Don't be surprised if power is one of your goals."

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4 years ago
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Two types of software that are mandatory for any business are an accounting program and a
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3 years ago
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Walmart, Costco, and Southwest Airlines serve customers who want reliable, good-quality products or services that are also reaso
maks197457 [2]

Answer:

A) operational excellence

Explanation:

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Walmart, Costco, and Southwest Airlines are engaging in operational excellence when they manage to offer products and services that have reasonable price, while being reliable and high-quality at the same time. The combination of low price, and high quality, is very hard to achieve, and it's a sign that a company is following operational excellence.

6 0
4 years ago
At the present time, Ferro Enterprises does not have any preferred stock outstanding but is looking to include preferred stock i
PSYCHO15rus [73]

Answer:

Cost of preferred stock

= <u>Perpetual dividend</u>

  Current market price

= <u>$14.00</u>

  $134.26

= 0.1043 = 10.43%

Explanation:

Cost of preferred stock is calculated as perpetual dividend divided by current market price. Cost of preferred stock is the minimum rate of return expected by preferred stock holder.

6 0
4 years ago
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