Answer:
The theory of laissez-faire was developed by the French Physiocrats during the 18th century. Later free market economists built on the ideas of laissez-faire as a path to economic prosperity, though detractors have criticized it for promoting inequality.
Explanation:
Answer:
Option C is the answer - An estimate of the asset's value at the end of its benefit period
Explanation:
Salvage value (also known as scarp value or residual value) is an estimated book amount an asset is worth when its useful life comes to an end. A higher value can be quoted when an asset is sold off before the end of its beneficial life and a zero rating is usually stated when the asset is being used for a longer period of time. Depreciation schedule calculation do have the salvage value as its significant component.
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This kind of borrowing is known as Diffusion.
<h3>What is Diffusion?</h3>
This refers to the borrowing of cultural values from one culture and implementing them in another.
Hence, we can see that based on the adoption of cultural values by many Westerners such as their styles of dressing, cooking, dancing, etc, and use in their cultures, this is known as diffusion.
Read more about cultural diffusion here:
brainly.com/question/2846111
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Answer:
Factors of production are the resources people use to produce goods and services; they are the building blocks of the economy. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.
