1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
gladu [14]
2 years ago
8

What are five basic principles found in a free enterprise system?

Business
1 answer:
vesna_86 [32]2 years ago
3 0
Here are the five basic principles found in a free enterprise system:
1) Governments have no control over the buying & selling of products & services. 2) The "invisible hand" of market supply and demand occurs 3) Governments may only be involved with to provide education, the army, and public health services (and other merit goods) 4) Governments may only provide public goods (such as lampposts) which bring no profit for sales people, as you cannot stop people from using those items. 5) Usually, there's a great difference in the distribution of wealth <span>
</span>
You might be interested in
A company produces 11,900 units of which 200 are spoiled units because the​ process, even though carefully and efficiently execu
Andre45 [30]

Answer:

Normal spoilage rate = 1.6978% (Approx)

Explanation:

Given:

Total unit produce = 11,900 units

Normal spoil unit = 200 units

Abnormal spoil unit = 120 units

Total normal unit produce = 11,900 - 120 = 11,780

Computation of normal spoilage rate:

Normal spoilage rate = Normal spoil unit / Total normal unit produce

Normal spoilage rate = 200 / 11,780

Normal spoilage rate = 0.0169779287

Normal spoilage rate = 1.6978% (Approx)

6 0
3 years ago
If decision making is pushed down to lower level employees, and these employees feel empowered to make decisions on their own, a
IRISSAK [1]
If the decision making forced to minor level employees, and these employees feel legitimized to make decisions on their own, an organization has a decentralized structure. Decentralized is a type of organizational structure in which regularly application and decision-making.
6 0
3 years ago
How to disable recruiting in NCAA 13
Lorico [155]
Just reset your computer
8 0
3 years ago
A certain delivery service offers both express and standard delivery. Seventy-five percent of parcels are sent by standard deliv
Elena L [17]

Answer:

Probability, P(n) = 3/8

Explanation:  Let standard delivery be S and express delivery be E.

I) When the parcels were sent:

S(n) = 75/100 and E(n) = 25/100

II) When the parcels arrived:

S(n)← = 80/100 and E(n)← = 95/100

The probability a record of a parcel delivery is chosen, P(n) = S(n)*E(n) + E(n)*S(n) = 75/100*25/100 + 25/100*75/100

P(n) = 3/16 + 3/16 = 6/16

∴ P(n) = 3/8

7 0
3 years ago
arren has a loan with an effective interest rate of 5 percent per annum. He makes payments at the end of each year for 10 years.
Bond [772]

Answer:

interest portion of fifth payment = $66.89 ≈ $67

Explanation:

effective interest rate = 5% yearly

first payment = $200

second payment = $210

third payment = $220

fourth payment = $230

fifth payment = $240

sixth payment = $250

seventh payment = $260

eighth payment = $270

ninth payment = $280

tenth = $290

using a financial calculator, I determined the present value (principal) of the loan = $1,860.87

then I prepared an amortization schedule:

interest portion of fifth payment = $66.89 ≈ $67

Download pdf
6 0
3 years ago
Other questions:
  • The use of computer technology to provide exposure to feared objects during systematic desensitization is called ____.
    7·1 answer
  • Bramble Corp. sells MP3 players for $60 each. Variable costs are $30 per unit, and fixed costs total $120000. How many MP3 playe
    10·1 answer
  • Crane Company can produce and sell only one of the following two products: Oven Contribution Hours Required Margin Per Unit Muff
    13·2 answers
  • George's manager has given him the following goal: "Profits should be increased in the coming year in order for employees to rec
    13·1 answer
  • An organization in which management spreads authority and responsibility widely over lower levels is called a ______ organizatio
    7·1 answer
  • Traditionally, department stores almost exclusively offered soft goods. But now, most department stores focus on selling both ha
    14·1 answer
  • Subway, the sandwich shop, is run by Jim, Tim and Kim. When a customer arrives, Jim spends 5 minutes taking order from the custo
    12·1 answer
  • On StatSim, how does a firm get their market share to increase?
    15·1 answer
  • The manager of a fashionable restaurant open Wednesday through Saturday says that the restaurant does about 26 percent of its bu
    10·1 answer
  • The main elements of market structure are
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!