All categories

3 years ago

Categories the following into Market economy and Non-market economy.

Business

1 answer:

Umnica [9.8K]3 years ago

7 0

Answer:

Market economy:

2. The invisible hand guides resources to their highest valued uses

4. Prices are sey by supply and demand

6. Buyers and sellers are motivated by self-interest

Non-market economy:

1. Prices are set by government agencies

3. Buyers and sellers are motivated by government directives

5. Buyers and sellers are motivated by a sense of communal well-being

Explanation:

On the one hand, the concept of market economy refers to a type of economy system that basically indicates that the market will find the equilibrium and work properly without the help of the government and therefore it establishes that the economy does not need from the figure of the government and that this last one must worry only about the other issues that do not include the economy.

On the other hand, a non-market economy like its name indicates, it refers to the type of system that do consider that the presence of the government is very important for the correct system of the economy and all of its factors regarding the market. Therefore that this type of system approves the planning of the economy from the government without discussions.

You might be interested in

Oliver is a small manufacturing business owner. He has a limited number of employees working under him. He usually helps his emp

Mekhanik [1.2K]

Answer: Social and motivational character trait helps him to be a good entrepreneur.

Explanation:

Oliver understands the strengths and weakness of the employees. He tries to nurture the strengths of the employees . By doing so the employees can be more productive and give efficient performance. He is being very social with the employees and understands their insecurities and tries to provide solution.

He concentrates on the personal growth of the individuals working under him. He plays the role of a motivational leader which helps him to be a successful entrepreneur. When the employees have job satisfaction they perform well in their work.

7 0

3 years ago

A system that keeps track of each withdrawal or addition to inventory continuously is

Natasha2012 [34]

This is a Barcoding system

7 0

3 years ago

Stockholders' equity of Eden Industries totals $63,000 in combined common stock and retained earnings. Assuming common stock and

TiliK225 [7]

Answer:

Under classified balance sheet, common stock and retained earnings are reported separately

Explanation:

Under equity section of balance sheet, common stock and retained earnings are line items i.e they are reported under equity section of balance sheet separately.

The total of these two should also be separated i.e the total is a line item also. And this forms the total equity provided there are no other line items for the for the period again.

6 0

3 years ago

In many businesses, people are inundated with email messages, voicemails, documents, and reports. what is a good way to cut thro

LenKa [72]

Managers receive a tonne of voicemails, faxes, snail mail, and emails every day. If data were the currency of contemporary commerce. You will learn how to write persuasive business messages in this course. Effective communication aids in change adaptation. Influencers are compensated by a brand to post content about it, whether it be using, displaying, or discussing the product. When their devoted fans interact with such material, your marketing reach increases. Read the email letter to Kate Newcomber, sages, and then respond to the corresponding open-ended dialogues in an informal environment. Email offers a number of benefits, including clear and direct relationships and significant privacy.

To learn more on email messages

brainly.com/question/21604006

#SPJ4

3 0

2 years ago

Give (2) examples how we deal with "Scarcity"

san4es73 [151]

Answer:

Either increasing supply or lowering demand

Explanation:

increasing supply:

e.g. when less developed countries (LDCs) experience a famine or drought, other countries can supply food and/or water to them

lowering demand:

finding alternative solutions of the product (that have the same effect as the original product) or reducing the reasons for why there is a high demand

- e.g. crops not growing well due to weather/crop disease going around -> find a crop that is more resistant to the disease (reducing reasons for demand)

- e.g. rice field has an infestation -> not yielding enough rice to feed the population -> population feels hungry and other foods cannot help them feel full/sustain them -> find another crop to substitute, like yam or potatoes that are equally filling (alternative solutions)

but these two are pretty much the same so

also please note I don't take any courses on supply and demand other than geography so I might be completely wrong

8 0

4 years ago