<h2>Basic research is the least likely to result in product innovation that have near-term commercial application</h2>
Explanation:
Basic research, is otherwise called pure research. This is the first step in production innovation. This is followed by "applied research", then "innovation development", then to go for "production-sales-market".
The information gathered here will be very light or a starter. It is not possible to foresee all the outcomes or the benefits which is achieved in the basic research.
We cannot even predict the types of research knowledge which might add a value to the future changes
Answer:
The correct answer is option C.
Explanation:
`If firms can easily enter and exit the market, then firms operating in the market will earn zero economic profit in the long run. This is because the short run is too short for firms to enter and exit so potential firms will enter and exit in the long run.
If the existing firms will be having negative profits, the firms having loss will exit the market. This will reduce market supply. As a result, the price level will increase. This will go on until all firms will have zero economic profits.
Similarly, if the existing firms are having positive economic profits in the long run, the other firms will enter the market. This will increase the market supply such that the price level decreases. This will go on till all the firms will be having zero economic profits.
Answer:
see below
Explanation:
Two employees with the same gross pay will have different net pay because of differences in deductions. Net pay is the amount that reflects in the employee's bank account after all deductions. Involuntary deductions are mandatory and comprise statutory deductions such as social security, medicare, taxes, or others prescribed by the state or the courts. To a large extent, employees with similar gross pay will have the same statutory deductions.
Voluntary deductions are employee-initiated. They include mortgages, retirement plans, medical, life assurance, dental, and general insurance. These deductions are not uniform. Each employee will have a different amount deducted depending on their preferences. Voluntary deductions contribute significantly to two employees with the same gross pay to have different net pay.
The BEST description of the economic system of the United States is <u>D. free-market capitalism.</u>
<h3>What is free-market capitalism?</h3>
Free-market capitalism is known for the following features:
- Private individuals control the factors of production.
- It is a purely capitalist economic system.
- The laws of supply and demand regulate production, labor, and the marketplace.
- An unregulated system of economic exchange reigns.
- Non-existence of or minimal presence of centralized economic interventions.
The best description of the economy of the United States is not:
- Marxism
- Command
- Socialism
- Closed economic system.
But the BEST description of the economic system of the United States is <u>D. free-market capitalism</u>.
Learn more about free-market capitalism at brainly.com/question/3369578 and brainly.com/question/600577
Answer:
Product Markets
Explanation:
The free flow of products and services in a market is an important reason which helps in the encouragement of economic activity. A free market helps in the free flow of the products and services. The circulation of goods and services in the free economy is said to be the circular flow model. The product market in the circular flow model signifies the goods and services which are finished products.
