Answer:
- Private property rights:
- Institutions and incentives
Explanation:
- Private property rights → they are constructs that determine how a resource or economic good is used and owned. They can be view as an attribute of an economic good, it has four components and also, it is often referred to as a bundle of rights:
1- The right to use the good.
2- The right to be able to aer income from that good
3- The right to transfer the good to other, or to abandon it or destroy it.
4- The right to enforce the property rights.
- Institutions and incentives → This kind of institution creates incentives for technological innovation and investments in both human and physical capital
. When the right incentives are placed, as a consequence production and investment occur naturally, as a result we have more human capital, more physical capital, and technological advancement - all of which lead to economic growth.
Automotive batteries can be regarded as example of corrosive materials.
<h3>What is a Miscellaneous Hazardous Material?</h3>
Miscellaneous Hazardous Material serves as those materials can bring harm or even death to people, this materials can bring discomfort to the workers.
However , Automotive batteries can be seen as Miscellaneous Hazardous Material which has anesthetic as well as noxious elements and it is extremely dangerous.
Learn more about Hazardous Material at:
brainly.com/question/12883615
#SPJ1
Answer:
Explanation:
This could be due a number of factors.
1 Externality effect
2 There could also be market failure, when property rights are not properly defined.
Externality is the effect of a third party on a property right, when all parties cannot come to an agreeable resolution on properties this could lead to inefficient use of land.
Also when the property rights are not put in place its difficult to come to a resolution that satisfies all parties.
Answer:
See below
Explanation:
<u>1. How revenue affects Profits</u>
Revenue is income that a business receives selling its products or from the services it provides. Income from other sources such as win in lawsuits is also revenue.
A business with high revenue is more profitable than a company with low income. For a business to make profits, its revenues must exceed its total expenditure. Profit is total income minus expenses. After the breakeven, extra sales contribute to profits. The more the sales, the higher the profits. Low revenue makes low profits.
<u>2. How do expenses affect profit?</u>
Expenses are costs incurred by a business in its productions and sales processes. Service providers incur expenses as they provide services to customers.
Expenses have a direct impact on profits. High costs may result in losses. Profits are realized after deducting expenses from revenues.
If the expenses are high, then profits will be minimal. Low expenses will result in high profits.
