1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Snezhnost [94]
3 years ago
7

What are the two facets of a mode of production according to E.K. Hunt? Define them.

Business
1 answer:
pentagon [3]3 years ago
3 0

Answer:

They are forces of production and social relations of production.

Explanation:

In Marxism and historical materialism the forces of production are a central idea. In the own critique of political economy by Karl Marx and Frederick Engels, it refers to the combination of the means of labor with human labor power.

forces of production is a term used in political economy that refers to the physical means and production techniques to which laborers add value and transform capital into saleable products.

By " relations of production," Marx and Engels meant the total sum of social relationships that people have to enter to survive, produce, and reproduce their means of living...relations can be social ties, economic relationships, or technological relationships.

You might be interested in
The argument advanced by Milton Friedman for adopting a monetary growth rule is that A. the growth rate of M1 has been unstable.
Y_Kistochka [10]

Answer:

C. active monetary policy potentially destabilizes the economy.

Explanation:

5 0
2 years ago
Suppose the European Central Bank (ECB) decides to use monetary policy to offset the possible inflationary effects of European e
Grace [21]

Answer:

the European Central Bank (ECB) should engage in a contractionary monetary policy

Explanation:

A contractionary monetary policy takes place when a central bank (or the Fed) reduces the money supply in order to cool down the economy, lower inflation rate or like in this case, wants to offset expansionary fiscal policy.

The central bank initially raises the interest rates and starts selling more securities in order to absorb cash from the markets.

7 0
3 years ago
Monumental, Inc. contracts with Champion Builders to erect a three-story office building on a parcel of land it has purchased. B
Elza [17]

Answer:

A) True

Explanation:

Monumental can discharge the contract by frustration. In order for a contract to be discharged by frustration, four conditions have to occur:

  1. An unforeseeable event must occur: In this case the zoning changes were unforeseeable.
  2. No party is at fault: the zoning board made the changes to the zoning of the land.
  3. Performance is impossible: there is no reason why an office building should be built in a residential only area.
  4. The result is radically different than expected: neither Monumental or Champion Builders expected a zoning change to occur.
7 0
3 years ago
Money used to finance business activities is known as
nadya68 [22]
In the cash flow statement financing activities refer to the flow of cash between a business and its owners and creditors.
4 0
3 years ago
The pharmaceutical industry often justifies the high prices for new drugs by arguing that they research as many as one hundred n
gizmo_the_mogwai [7]
Blockbuster is your answer
3 0
3 years ago
Other questions:
  • High Plains Inc. manufacturers furniture in North Dakota. High Plains receives its wood from a lumber yard in Calgary. The lead
    6·1 answer
  • During the year, the Senbet Discount Tire Company had gross sales of $1.15 million. The firm’s cost of goods sold and selling ex
    5·1 answer
  • Explain why it is important for Costco’s corporate accounting, marketing, and operations management business units to access and
    5·1 answer
  • John was given a choice of loans of $8,000 with the following characteristics: a) $1,200 in interest paid at the end of the peri
    13·1 answer
  • If the contribution margin ratio for france company is 45%, sales were $425,000, and fixed costs were $100,000, what was the inc
    8·1 answer
  • During the period, labor costs incurred on account amounted to $175,000, including $150,000 for production orders and $25,000 fo
    5·1 answer
  • Armstrong Valley Bicycles uses a standard part in the manufacture of several of its bikes. The cost of producing 40,000 parts is
    9·1 answer
  • Remmel Corporation has provided the following contribution format income statement. Assume that the following information is wit
    7·1 answer
  • A simple random sample of 60 items resulted in a sample mean of 76. The population standard deviation is 14.
    15·1 answer
  • What is the term used to describe a design created to represent a company or
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!