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3 years ago

Writing About Economics

Business

1 answer:

enot [183]3 years ago

4 0

Answer:

Russia and China used to be command economy with the property rights lying solely with the government and the means of production, except labour were owned entirelyby the government. However, the command economy demanded long term planning that needed to be ultra accurate.moreover the system it self gave rise ro bureaucracy and dictatorial regimes, increasing the power centralization and the state corruption and lessening the innovative spirit of the nation.

Capitalism got rid of most of the problems in the command economy. It was accompanied by the democratic reforms in Russia and this led to more transparency. Moreover, the capitalist style social market economy in China introduced private ownership and Entrepreneurship l along with the concept of state owned companies.

In addition, the function of the price mechanism was pivotal as well. Instead of thorough and detailed planning, the resources were distributed by the price and the market demand and supply.

Explanation:

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PLEASE <br>what is lean production? in details (GCSE) keywords.

Vsevolod [243]

Answer:

actually I am very sorry I didn't learn this I don't take business

Explanation:

Sorry would there be anything else I can help u with

8 0

4 years ago

Frank asks his customers to complete a survey about the service they receive at his company so that he and his staff can make ad

nignag [31]

Answer: Customer satisfaction

Explanation:

The customer satisfaction is the term that is used in the marketing for specifically measuring the expectation and also the satisfaction of the consumer by using the products and the services in the market.

The customer satisfaction is one of the important term that is used in the marketing as it helps in improve the business and increase the positive image of the products and the services.

According to the given question, Frank is basically focuses on the customer satisfaction characteristics in terms of total quality of the management.

Therefore, Customer satisfaction is the correct answer.

5 0

4 years ago

Who is excited for season 7 on modern warfare

melamori03 [73]

Answer:

Explanation:

4 0

3 years ago

Read 2 more answers

If in the short run, firms in monopolistic competition _________, new firms will enter the market.

alukav5142 [94]

If in the short run, firms in monopolistic competition make an economic profit, new firms will enter the market.

A firm is a for-profit business organization—such as a company, limited liability company (LLC), or partnership—that provides skilled services. Most companies have only 1 location.

Companies during a monopolistic competition build economic profits within the short run, however within the long-standing time, they create zero economic profit. The latter is additionally a result of the liberty of entry and exit within the trade. Restaurants, hair salons, home items, and clothing are examples of industries with monopolistic competition.

To learn more about Firm here

brainly.com/question/15968468

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7 0

2 years ago

Consider the following data for a particular country.

Effectus [21]

Answer:

Real GDP is inflation adjusted hence there will be no role of inflation. Real GDP per Capita = Real GDP/ Population

Real GDP in year 1 = Real GDP per capita * population

Real GDP in year 1 = $36,000 * 500 million

Real GDP in year 1 = $18 trillion

Growth rate of Real GDP = 7%

herefore Real GDP in year 2 = x - 18/18 = 7/100

Real GDP in year 2 => 100x - 1800 = 126

Real GDP in year 2 => 100x = 126 + 1800

Real GDP in year 2 => 100x = 1926

Real GDP in year 2 => x = 19.26 trillion

So, Real GDP per capita in year 2 = 19.26 trillion /500 million= 38,520

7 0

3 years ago