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3 years ago

An economy is created by the interactions between which two groups of people? (Select the best answer.)

Business

2 answers:

Veronika [31]3 years ago

8 0

An economy is created by the interactions between producers and consumers.

marishachu [46]3 years ago

8 0

Answer: Producers and consumers

Explanation:

An economy is the term which refers to the system of the production, distribution, trade and the consumption different types of services and the product in the specific area.

Economy is basically created by the producers and the consumers interactions. In most of the economics, the money of the services the different types of products are paid by the consumers.

As, the consumer is the person that buys the services and the product to run its company and organization. The producer is the person who produces the different types of products and services.

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Which of the following colors is highly variable and can be either cool or slightly warm, depending on how it is used?

Phoenix [80]

Explanation:

Dark blue with dark red

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2 years ago

After retiring from Jones Corp., a partnership founded by Megan Jones and other partners, Megan grew tired of staying at home an

lana [24]

Answer:

The Correct option is "B"

Explanation:

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3 years ago

Read 2 more answers

Which of the following is an example of traditional management?

arsen [322]

Not sure what the choices are, but traditional management is where goals and objectives are created at the top and employees are in charge of meeting them and for the quality of the product. This is opposed to a quality - focused management style which is more collaborative with customers to achieve continuous improvement of your product and/or service.

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3 years ago

Many small firms seek to establish a particular niche in the market, realizing that they cannot afford to operate on a larger sc

Karolina [17]

Answer:

Letter A is correct. Fostering competition.

Explanation:

In this case, it is correct to say that small businesses are fostering competition.

Competition in the business world can be defined as a situation where two or more companies that supply products are rivals in the quest to conquer the same market and the same customers.

Large companies often have some dominance and influence over the market, which means that they impose various barriers to market entry by other competing companies, especially if they are micro-companies. In the case of the above question, when there are a large number of small companies looking to establish themselves in a specific niche in the market, due to possible retaliation by large companies, together, they are exerting an influence on the market that promotes competition.

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3 years ago

In 1895, the first putting green championship was held. the winner’s prize money was $190. in 2014, the winner’s check was $1,49

Ket [755]

Answer:

The interest rate is 7.83%

Explanation:

The winner price in the year 1895 = $190

The winner price in the year 2014 = $1490000

Time duration between, 2014 – 1895 = 119 years

Now we have to find the interest rate at which the winner price has been increased. Thus, use the below formula to find the interest rate.

Future value = present value (1+ r)^n

Future value = $1490000

Present value = $190

n = 119

Now insert the values in the formula.

1490000 = 190(1 + r)^119

1490000 / 190 = (1+r)^119

r = 0.07826 or 7.83%

4 0

3 years ago