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3 years ago

What is the difference between a traditional economy and a market economy?

Business

1 answer:

Triss [41]3 years ago

8 0

Answer:

Explanation:

A traditional economy is one which doesn't operate under a profit motive.

Instead, it emphasizes the trading and bartering of products and services that enable participants to subsist in a specific region, community and/or culture. Largely, traditional economies are a way of life in underdeveloped countries that rely more on old-fashioned economic models like farming or hunting than on newer-age modes like industry and technology.

Capitalist

Historically, these societies leverage market forces, such as supply and demand, with a strong motivation to earn a profit, to shape their economic models.

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Which aspect of the Omnibus Trade and Competitiveness Act allows a U.S. president the authority to restrict sales of a country’s

Kipish [7]

Answer:

Market Access

Explanation:

Based on the information provided within the question it can be said that the aspect that is being mentioned is known formally as Market Access. This term refers to the process of making sure that anyone who may benefit has fast and easy access to the brands that are being sold and at the correct price, and that there are no unfair restrictions being imposed.

3 0

3 years ago

Should any of these ratios or the change in a ratio warrant concern for the managers of Tyler Toys or the shareholders? (Selec

Murrr4er [49]

Answer:

C. The company has a very poor turnover of assets and collects its receivables quickly; thus there are some concerns from these ratios. D

Explanation:

Let's be mindful that turnover here refers to revenue, while receivables refer to amounts owed to the company. So, If the company has a very poor turnover of assets it means it isn't making much revenue, and it is collecting its receivables quickly implying there are some concerns (imbalances) from these ratios.

Therefore, the managers of Tyler Toys or the shareholders need to work out a solution.

4 0

2 years ago

Calculate the inventory-to-sale conversion period based on the following information: average inventories = $110,000; average re

Slav-nsk [51]

Answer:

232.08 days

Explanation:

Inventory to sales conversion period is the average length of time it will take a business to sell its stock items and then replace them. It give s an indication of patronage from customers and the shorter the better.

It is determined as follows:

Average inventory period

= (Average inventory/cost of goods sold) × 365 days

= (110,000/173,000) × 365 days

= 232.08 days

It takes on the average 232.08 days to sell and replace stock

4 0

2 years ago

Which one of the following will increase the present value of a lump sum future amount to be received in 15 years?An increase in

Molodets [167]

Answer:

The correct answer is a decrease in the interest rate

good luck ❤

6 0

2 years ago

A student wanted to know the most effective way to grow bacteria in a lab. He conducted a descriptive investigation instead of a

likoan [24]

Answer:

C). A descriptive investigation usually does not involve much data collection to support a hypothesis.

Explanation:

The limitation of a descriptive investigation is that 'it lacks sufficient data to support the proposition.' A descriptive investigation does not test the validity of a truth or distinct methods of growing it or to make comparisons between them. It rather focuses only on describing in-depth instead of practically examining the validity of the fact and using it to supporting the claim made in the hypothesis, unlike an experimental investigation. Thus, option C is the correct answer.

7 0

2 years ago