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
WINSTONCH [101]
4 years ago
12

Explain why private ownership is a positive aspect of economic system

Business
1 answer:
uysha [10]4 years ago
3 0

Answer:

Private property and protection of property rights are important because it helps the economy deal with the issue of resource scarcity by ensuring its use is controlled through ownership. The private owner of a resource is expected to act in their self-interest to develop products

You might be interested in
A steel company sells some steel to a bicycle company for $100. The bicycle company uses the steel to produce a bicycle, which i
elixir [45]

Answer:

$200 to (GDP)

Explanation:

GDP stands for Gross Domestic Product and it is the total measure of a country's total economic activity. It is monetary of all the goods and services produced within the country for particular period of time.

Therefore, the transactions between the steel company and bicycle company as contributed $200 because GDP is calculated by adding private investment, private consumption, Government investment, government, government spending and the likes together.

7 0
3 years ago
Read 2 more answers
Oni makes apple pies for the local bakery. when toni works with an assistant, she produces 60% more apple pies and works 20% few
Georgia [21]
<span>Let us assume Toni made 100 apple pies in 10 hours, that means 10/hour. Now, with help of assistant she produces 60% more and work for 20% less time.
So, [100+(60% of 100)] = 160 apple pies produced in [10-(20% of 10)]= 8 hours.
   160/8 = 20/hour
   So, with the help of assistant Toni's output of apple pies per hour increases by 100%.</span>
8 0
3 years ago
Landers Flynn Inc. has 1,000 shares of $5 cumulative preferred stock outstanding. Dividends were not paid last year. The corpora
yanalaym [24]

Answer:

The preferred stockholders $10,000

Common stockholders $4,000

Explanation:

The cumulative effect of the preferred stock is that the holders are entitled to arrears of dividends, in other words, they would receive this year last year's dividends in addition to current year's.

annual preferred stock dividends=dividend per share*number of preferred stock.

annual preferred stock dividends=$5*1000=$5000

dividends for 2 years=$5000*2=$10,000

common stock dividends=$14,000-$10,000=$4000

8 0
4 years ago
Alain mire files a single tax return and has adjusted gross income of $304,000. his net investment income is $53,000. what is th
scoray [572]

Answer:

$2,014

Explanation:

Alain's net investment income tax is the lesser of 1) his net investment income ($53,000) or 2) his modified adjusted gross income less the threshold of $200,000 .

Therefore

$304,000 - $200,000 = $104,000

3.8%×$104,000= $3,952

($53,000 × 3.8% )= $2,014

The additional tax that alain will pay on his net investment income for the year is $2,014

4 0
4 years ago
What is the penalty for a taxpayer who fraudulently claims the EIC
melamori03 [73]
A ban for the next ten years and you must pay back the amount of EITC, plus interest.
4 0
3 years ago
Other questions:
  • So given your knowledge of the component ratios used in the DuPont equation, which of the following strategies should improve th
    6·1 answer
  • At the start of the current year, Blue Corporation (a calendar year taxpayer) has accumulated E &amp; P of $100,000. Blue's curr
    14·1 answer
  • Where can i get the education to be a business owner?
    5·1 answer
  • Christine has obtained a job pitching a product at a local state fair. Her job is to demonstrate cookware, highlighting its feat
    13·1 answer
  • IBM stock has been traded on stock market for many years. A sale by IBM of new stock to the public in year 2015 would be a(n)
    7·1 answer
  • River Wild is considering purchasing a water park in Charleston, South Carolina​, for $ 2,050,000. The new facility will generat
    13·1 answer
  • Explain one advantage of good branding to a business.
    5·1 answer
  • Introduction to the future value of money Aa Aa Under the concepts of the time value of money, you can determine the future valu
    14·1 answer
  • The seller of product a has no idle capacity and can sell all it can produce at $60 per unit. outlay (variable) cost is $12. wha
    14·1 answer
  • Which individuals helped pioneer administrative management theory?
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!