All categories

2 years ago

All countries have what type of economy

1 answer:

6 0

Traditional economies still produce products and services that are a direct result of their beliefs, customs, traditions, religions, etc. Vast portions of the world still function under a traditional economic system. These areas tend to be rural, second- or third-world, and closely tied to the land, usually through farming.

However, there is an increasingly small population of nomadic peoples, and while their economies are certainly traditional, they often interact with other economies in order to sell, trade, barter, etc.

Learn about the complexities of globalization and how it shapes economic relationships and affects cultures with this <span>great class on the geography of globalization.</span>

You might be interested in

Why might someone who is just starting out prefer a regular savings account to a CD?

iragen [17]

Cds are time deposits that you can close before the term ends but might pay early penalty for withdrawing early. Cds vary with the financial institution. I would say a savings account

6 0

3 years ago

Cindy has been working for 8 years, and she’s built up a huge emergency fund -- $45,000, which would be 6 months of her salary.

baherus [9]

Answer with Explanation:

Following are some types of account investments that are better for emergency funds and the return on these investment varies depending upon the risk born by the investors:

Current Account Investments
Commodity Investments
Mutual Funds

If the inflation rate is below the return paid on the current account then it could be a better investment option as the money doesn't loose its value over time.

If the inflation rate is higher than the return paid on the current account then it is better to invest in commodities like gold, petroleum products, etc, that are often termed as speculative investments.

If the investor is risk seeking person, then it is better to invest in mutual funds as the return on such investments is higher because of the higher risk that the investor bears.

6 0

3 years ago

The opening of which canal significantly reduced the time and money required to ship goods between the east coast and the west c

bazaltina [42]

Answer:

The Erie Canal

Explanation:

When it opened it dramatically decreased the cost of shipping while reducing the time to travel to the West.

8 0

2 years ago

On January 1, DogMart Company purchased a two-year liability insurance policy for $32400 cash. The purchase was recorded to Prep

aleksley [76]

Answer: $1,350

Explanation:

The insurance is for 2 years but has to be apportioned monthly on account of the Accrual basis in Accounting where expenses will only be recognized when they are incurred.

The expense to be recorded for the first month will therefore be:

= 32,400 / 24 months

= $1,350

4 0

2 years ago

During the months of January and February, Axe Corporation purchased goods from three suppliers. The sequence of events was as f

malfutka [58]

Answer:

Explanation:

journal entries in the books of AXE

jan 6 purchased goods from Green worth $1200 term 2/10 , n/30

Inventory a/c $1200

Accounts Payable - green $1200

jan 6 purchased goods from munoz worth $900

inventory a/c$900

Accounts Payable - munoz $900

jan 14 Payment being made to green. Since payment is made within 8 days so discount will be recieved by Axe( note term 2/10 means if payment is made within 10 days axe will recieve discount @2%)

Accounts payable - green $1200

Cash $1,176

discount recieved $ 24

( being discount recieved [email protected]% = $24)

Feb 2 payment made to munoz , since it is paid after 10 days no discount will be recieved

Accounts payable- munoz $900

Cash $900

feb 28 purchased goods worth $350 from reynold

Inventory $350

Accounts payable - reynold $350

5 0

3 years ago