Answer:
profit = 250,000
Explanation:
Factor Income is derived from the sum of the Factor of Production
Labor, Land, Capital and Enterprise
Income = wages + rent + interest + profit
To get profit, which is the retribution for the entrepreneur we post our know values and solve for p.
5,000,000 = 3,500,000 wages + 1,000,000 rent + 250,000 interest + p
5,000,000 - 3,500,000 - 1,000,000 - 250,000 = p
p = 250,000
Answer:
d. banks and mutual funds.
Explanation:
Financial intermediaries are bodies or individuals that connect surplus and deficit agents. These institutions serve as middlemen among diverse parties in financial transactions. These include banks, mutual funds, pension funds, building societies etc. Banks and mutual funds are two of the economy's most important financial intermediaries.
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The answer to this question Margin
The margin will help you to maintain the positioning of your graphic in order to make sure it's readable by your audience.
The margin will also help to make your graphic the focus of attention within the page, which will increase audience's engagement in the content of the graph.
Answer:
Private Property - The right of private persons and firms to obtain, control, employ, dispose of, and bequeath land, capital, and other property.
Freedom of enterprise - The freedom of firms to obtain economic resources, decide what products to produce with those resources, and sell those products in markets of their choice.
Mutually agreeable - Economic transactions willingly undertaken by both the buyer and the seller because each feels that the transaction will make him or her better off.
Freedom of choice - The freedom of resource owners to dispose of their resources as they think best; of workers to enter any line of work for which they are qualified; and of consumers to spend their incomes in whatever way they feel is most appropriate.
Self-interest - What each individual or firm believes is best for itself and seeks to obtain.
Competition
- The presence in a market of independent buyers and sellers who compete with one another and who are free to enter and exit the market as they each see fit.
Market - An institution that brings buyers and sellers together.
