The free market economy is the one where the buyers & sellers should freely select to buy or make.
The following information related to the free market economy is:
- It should depend upon the supply & demand having no government interference.
- In this, the buyers & sellers have the right to select for making or buying whatever they want.
Therefore we can conclude that the free market economy is the one where the buyers & sellers should freely select to buy or make.
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The US economy will face economic contraction if a series of events results in decrease of investment in the economy.
When domestic output, such as GDP, falls, there is an economic contraction. It has a negative impact on other areas such as individual income, production, and sales. The unemployment rate may rise. A loss of confidence slows demand, causing an economic contraction. It is triggered by an event, such as a stock market correction or crash. The true cause, however, precedes the widely publicized event. It could be caused, for example, by an increase in interest rates, which reduces capital spending.
Investors sell stocks, driving down prices and reducing funding for large corporations leading to stock market crash. Businesses reduce spending and then lay off employees. This reduces consumer spending, resulting in additional business losses and layoffs.
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Answer:
C is the answer. The service provided at Toy Corner exceeds customer expectations.
Explanation:
When a store offers a broad assortment of goods tailored for different age groups, it will really attract more patronage.
But, when it ensures the home-delivery of goods that are not available at its store to customers who have placed orders, then it can be said to be exceeding the expectations of its customers.
This is moreso, when such home-delivered goods are sold to customers at discounted prices. This shows that the store not only cares for its customers, it surely does not want the customers to leave its store to buy goods from others. This ensures customer loyalty and continued patronage.
The approach is very competitive and customer-friendly.
Answer: The three types of investors in a business are pre-investors, passive investors, and active investors. Pre-investors are those that are not professional investors. These include friends and family that are able to commit a small amount of capital toward your business.
Answer: Option (A) is correct.
Explanation:
Correct Option: A.supply whatever amount consumers demand at a price determined by the minimum point on the typical firm's average total cost curve.
In the long run, equilibrium price of a perfectly competitive firm implies that there is no economic profit for the firm. This situation occur when the marginal cost is equal to the average total cost.
The firm is break even when the price is equal to the minimum point of average total cost of the firm. So, there is no possibility of economic profit for the firm.