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Klio2033 [76]
3 years ago
10

compare how goods and services are distributed and the freedom of consumers and producers in command economies and free market e

conomies. Your answer should be at least 300 words in length. the passage "An economist named Leonard Read wrote an essay called "I, Pencil" making the extraordinary claim that no one person has the knowledge of how to make something as simple as a single pencil. He went on to prove his point by tracing the origins of all the components of a single pencil and showing how each was the result of complex processes from all over the world. In Read's view, the remarkable fact about the pencil, and every other product in the marketplace, is that no one person directs its production or would even know how to, yet pencils are produced cheaply and efficiently every day.
Business
1 answer:
gulaghasi [49]3 years ago
4 0

I cannot write the entire essay for you, but here are some differences:

Command Economy: production and prices are controlled by the government

In a free market, consumers' demand determine what is/should be made and how much to charge.

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In wayne dennis's study of infants in iranian orphanages, only 15 percent of the orphans were walking alone by 3 to 4 years of a
Romashka-Z-Leto [24]
The answer to the question above is this: <span>they spent their days lying on their backs in cribs. Wayne Dennis has studied infants in Iranian orphanages. The infants in these orphanages were more on left lying on their backs on their cribs and this results in the delay of their physical development such as walking and other physical activities. This made the children in the orphanages walk at the age of 3 to 4 instead of 1 year old or earlier.</span>
7 0
3 years ago
A manager that looks at loans and deposits increases and decreases among other things to measure the bank's liquidity position i
Mademuasel [1]

Answer:

The answer is letter C

Explanation:

The sources and uses of funds approach.

6 0
3 years ago
An amendment to the texas constitution requires a balanced budget. This means that _____.
marissa [1.9K]

Any increase in government spending must be offset by an increase in revenue and/or cuts in spending elsewhere in the budget.

<h3>What does Texas Constitution require a balanced budget?</h3>
  • Texas always keeps its budget balanced because the State Constitution demands it. The Texas state and local sales taxes exceed 10% of the individual transaction price. The primary operating fund for Texas is the General Revenue Dedicated Fund.
  • A constitutional amendment known as the "balanced budget amendment" would restrict government spending to the amount of revenue it receives. Spending would need to be under control by the federal government.

An amendment to the texas constitution requires a balanced budget. This means that any increase in government spending must be offset by an increase in revenue and/or cuts in spending elsewhere in the budget.

According to a balanced budget, a government should not spend more than its income. Thus projected incomes and expenditures should be equal.

To learn more about balanced constitutional budget amendment, refer to:

brainly.com/question/8873582

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4 0
2 years ago
You are a business loan has a variable interest rate next month the annual rate will jump from 6.3% to 7.8%. Your balance is 1,6
sweet [91]

Answer: $‭2,025‬

Explanation:

Your monthly payment based on the rate of 6.3% per annum is:

= (6.3% * 1,620,000 ) / 12 months

= 102,060‬ / 12

= $‭8,505‬

Now that the rate has gone up to 7.8% per annum, the payment is:

=  (7.8% * 1,620,000 ) / 12 months

= ‭126,360‬ / 12

= $‭10,530‬

Payment went up by:

= ‭10,530‬ - 8,505

= $‭2,025‬

3 0
3 years ago
What are two advantages and two disadvantages of the informal economy
AnnyKZ [126]

Answer:

Advantages of Informal Sector employment:

Some employers pay well because company owners do not have many tax obligations. Employee effort is directed towards achieving profit rather than satisfying irrelevant routines.

There can be a close and direct relationship with the employer, therefore making it easy to get permission when in need of time off.

You are saved the hassle of paying Pay As You Earn tax.

There’s no red tape when it comes to dealing with personnel issues which are expressly handled either by the employer him/herself, or a senior manager.

Sometimes employment is done on the spot with little emphasis on attending lengthy job interviews and countless aptitude tests.

Sometimes one is employed because of one’s personal relationship with the employer rather than on merit.

Disadvantages of Informal Sector employment:

Little or no job security.

Unprotected by labour laws.

Odd working hours.

No pension, insurance or health insurance scheme.

Summary dismissals.

Difficult to make any savings due to low wages.

A brief illness or injury or injury can mean no financial means to survive.

Explanation:

4 0
3 years ago
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