Answer:
I believe its true but not 100% sure.
Explanation:
Answer:
The answer is on <u>"on the streets" </u> GRADPOINT
Explanation:
The key difference between command and market economies is that: Households answer the basic economic questions in a market economy, while a group of leaders answer them in a command economy.
<h3>Types of economy.</h3>
Generally, there are five (5) main types of economy and these include the following;
- Mixed economy.
- Command economy.
- Traditional economy.
- Pure capitalism economy.
- Underground economy (black market).
<h3>What is a market economy?</h3>
A market economy is also referred to as free-enterprise system or free market and it can be defined as a type of economy in which prices, products and services are being determined by the market rather than the government.
This ultimately implies that, a market economy is devoid (free) of government regulations, interference or control because the market is completely driven by demand and supply of goods and services.
Read more on market economy here: brainly.com/question/12653685
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Answer:
<h3>33.3%</h3>
Explanation:
profit percent = Sp-Cp/Cp * 100%
Sp is the selling price
Cp is the cost price
Let the selling price of the article be x
If it is sold with a profit of 25% of selling price, then;
Profit = 0.25x
Since Profit = Sp - Cp
0.25x = x - Cp
Cp = x - 0.25x
Cp = 0.75x
Substitute into the formula
Profit percent = 0.25x/0.75x * 100
Profit percent = 0.25/0.75 * 100
Profit percent = 1/3 * 100
Profit percent = 33.3%
Hence the profit percent is 33.3%