Answer:
The economic system is Capitalism also called free market economy.
Explanation:
In capitalism, trade and businesses are controlled by an individual or privately owned for profit. A Person or a companies makes almost all decisions, while most of the properties are owned by them. The means of production is privately owned by John and he operates the shoe store for profit. Since he is the owner, the capital profit belongs to him and he can decide on what to do with the profit.
Answer:
Accounts Payable: Describes all money a business owes to vendors and suppliers for purchases of goods and services made on credit. Often listed in sum on the balance sheet as “current liability"
JILL IS THE PLAINTIFF.
The plaintiff is the person who take a case to court while the defendant is the person who is accused of an offence.
In the question given here, Jill initiates a suit against Jack, so Jill is the plaintiff while Jack against whom the case is initiated is the defendant.
Pay the Premium in full and on time.
Explanation:
A No-lapse guarantee offers an insurance company commitment that a fixed life insurance policy is in place – even though, as long as the agreed retention premium is calculated at the required time, the cash value in the policies drops to zero or less than zero.
The No-Lapse insurance fee is the amount to be paid in order for the policy to remain in force unless the policy is carried out effectively for a certain number of years. The coverage will continue during the lapse period, even when the cash value drops to zero. The insurer provides the guarantee.
When the fee is not collected on the due date, it shall be deemed to have been default and the policyholder may forfeit his advantages. During that time, the fee can be charged without additional charges and the scheme remains in effect.
Tariff C
Taxes took the test before
