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Vilka [71]
2 years ago
6

define free market system and identify and describe at least three of its major concepts or attributes

Business
1 answer:
ladessa [460]2 years ago
3 0
Free market economies allocate resources through demand and supply with minimal government intervention.

private ownership- all factors of production within the economy are owned mainly by private individuals and organizations.

Free enterprise- owners of factors of production and producers of a goods and services a free to produce what they want through the market forces of demand and supply.

Competition- <span>Companies have a competitive drive, thus better quality goods and more variety of products which are at lower prices. (more productively efficient )</span>
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The difference between situational interviews and behavioral description interviews is that: a. behavioral description interview
Sindrei [870]

Answer:

C) Situational interviews focus on hypothetical incidents rather on actual work incidents

Explanation:

situational interview give rooms to individual that is going through interview from interviewer to pass across his/ her expertise, talent as well as skills that could be used in overcoming any challenges that come with the job.

Behavior Description Interview on other hand utilize premise which goes that behavior of the past can be use in predicting the future, it uses a techniques that finds out what applicant has done in a kind similar situation in the past. It should be noted that one main difference between situational interviews and behavioral description interviews is that Situational interviews focus on hypothetical incidents rather on actual work incidents

8 0
3 years ago
g You deposit $1,900 in your savings account that pays an annual interest rate of 3.25%. If the inflation rate is 1.09%, by how
gayaneshka [121]

Answer:

Real purchasing power increase= 2.16%

Explanation:

Giving the following information:

You deposit $1,900 in your savings account that pays an annual interest rate of 3.25%. The inflation rate is 1.09%.

In this example, we have two different and opposite effects. The interest rate increases your purchasing power. If the inflation rate is 0, the purchasing power will increase (in one year) 3.25%.

The inflation rate decreases the purchasing power of nominal income.

Real purchasing power increase= annual interest rate - inflation rate

Real purchasing power increase= 3.25 - 1.09= 2.16%

6 0
3 years ago
If a consumer purchases a combination of coffee and football tickets such that Coffee/Coffee = 20 and MU Football tickets/PFootb
katen-ka-za [31]

Answer: d. more coffee and fewer football tickets

Explanation:

MU/P refers to the marginal utility gained per dollar of an alternative and rationale consumers are always expected to maximise their utility by picking alternatives that give them more utility as opposed to less.

The MU/P for coffee is 20 whilst that of football tickets in 10. This means that more utility is gained from getting more coffee as opposed to football tickets. The action that would maximise utility would therefore be one where the consumer gets more coffee and fewer football tickets.

4 0
3 years ago
One factor that allows saudi arabia to successfully use strategic trade protectionism to increase oil revenues is that?
enyata [817]

Nations are unable to react by placing limitations on other imports from Saudi Arabia.

What is Strategic Trade?
Strategic commerce refers to the management of certain commodities' export, import, international transit, and transhipment to specific recipients, for specific end-uses/end-users, and under specific conditions. Dual-use drugs and technologies that have both acceptable commercial uses and sensitive uses that could support actions that hurt people or states are those that are listed as subject to UN Security Council Resolution 1540 (2004) and other UN embargoes and penalties. Controlling these commodities requires a balanced strategy; dual-use products, parts, and raw materials must be seen as strategically traded in order to prevent them from moving farther into criminal usages.

To learn more about Strategic Trade
brainly.com/question/17102390
#SPJ4

5 0
1 year ago
In a data warehouse environment, ETL refers to extraction, transformation, and language. True or False?
vagabundo [1.1K]

In a data warehouse environment, ETL does not refers to extraction, transformation, and language.

<h3>What is ETL?</h3>

ETL means Extract, transform and load (ETL).

It is a procedure for copying data usually form one or more sources into another system.

This language is used in data environment

Therefore, In a data warehouse environment, ETL does not refers to extraction, transformation, and language.

For more details on ETL data warehouse kindly check

https://brainly.in/question/368501

4 0
2 years ago
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