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Alika [10]
3 years ago
10

explain how Adam Smith describes the market economy and role of consumers , producers , workers, savers ( investors) , and borro

wers in the market economy.
Business
1 answer:
astraxan [27]3 years ago
8 0

Answer:

As described below.

Explanation:

  • As explained by Adam smith a market economy in his wealth of nations. Which is an interplay of the supply and demand, where the role of the customer's producers and the worker's investors and the borrows all follow the economic system and the market as an invisible hand, that comes from the producers and he consumers interact indirectly and directly
  • As the consumer and producers engage in commercial production thus the idea of a free-market took place. The government interferes with the services where unwanted shortages and the surplus tends to occur.
  • The free markets to regulate themselves by means of competition, among the workers and the borrowers.
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Answer:

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Explanation:

A. Preparation of the adjusting entry to record accrued salaries as of August 31

August 31

Dr Salary Expense $3,140

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5 0
2 years ago
Three sources of flexibility in completing primary and support activities are particularly useful for firms using the integrated
AURORKA [14]

Answer:

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Explanation:

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6 0
3 years ago
Creditors are interested in the times interest earned ratio because they want to
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3 years ago
What is a CFO and their responsibilities to the company?
Setler [38]

Answer:

In a larger corporation, the CFO's duties shift more toward analysis, oversight, and management.

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