Answer:
The key ingredient of the free enterprise system is the right of individuals to make their own choices in the purchase of goods, the selling of their products and their labor, and their partici- pation in business structure.
Explanation: <3
Answer:
b. are usually composed of diagrams and equations.
Explanation:
Economic models involve huge number of factors for their study and analysis.
It encompasses the analysis of various situations in an economy. It amounts for significant influence on the changes in market and environment, in which an economy runs.
Since it is complex in nature it involves huge diagrams, metrics, equations.
As with just theory it is not easy to form the understanding of economics. Thus, it involves many pictorial representations in the form of diagrams, graphs, etc:
Therefore, correct statement is
Statement b
Answer:
In simple words, When it comes to conserving money, the most crucial factor to remember is the protection principle. When you save enough money beyond what you'll need for short-term objectives and emergencies, you'll have money to invest. Professionals advise saving one to two years' worth of account value in a contingency savings.
Thus, protecting principal is the core focus of the managers in savings plan.