It effects the economy because that's another car that is having to take up oil and is another step to wasting natural resoources. Also the cars fumes pollute the air and everywhere around us.
The net short term capital loss for Elliott for 2021 will be $(2100); and the net long term capital gain will be $9,300.
<h3>What is capital gain?</h3>
The gain or positive returns made on the investment or engagement of money during a particular period is known as a capital gain. A short term capital gain is derived within 1 year; and long term is more than a year.
Hence, the capital gains and losses made by Elliott are aforementioned.
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Answer:
a market economy is a system where the laws of supply and demand direct the production of goods and services