The answer is false. The role of entrepreneurs is accounted by economic models. They are directly connected with the consumers and have firsthand information about the things that they would like. Entrepreneurs play a big role to ensure that businesses circulate.
Answer:
Antiglobal
Explanation:
In market segmentation we can diferenciate 4 segments.
Antiglobals are skeptical abouth whether the goods of global brands have a high quality. Are against global brand
Global Agnostics are against global brands and are most likely to lead globalization movements.
Global Citizens favours buying global brands that signal prestige.
Global dreamers favours buying global brands but can't afford them, and still admire them.
Answer:
Well, friend, I think it'nle sA. $ 587.50
Explanation:
Answer:
$24,530
Explanation:
Journal
Oct 31
Dr Cost of Merchandise sold $24,530
Cr Merchandise Inventory $24,530
$530,470-$505,940 =$24,530
The difference between MERCHANDISE That should be on hand and physical inventory indicating MERCHANDISE that is actually on hand.
Answer: 1. A - Describe how the individual pursuit of self-interest works to promote the interest of the public as a whole
2. A- Both Adam Smith and Karl Marx believed that humans are motivated by self-interest
Explanation:
1. According to Adam Smith who is known as the father of modern economics stated in his thesis that individual's self-interest and freedom of production as well as consumption is in the best interest of the society as a whole.
Each Individual's free exchange creates signals about which goods and services are valuable. These signals will spontaneously direct competing consumers, producers, distributors, and intermediaries—each pursuing their individual plans— to fulfill the needs and desires of others.
Smith’s invisible hand became one of the primary justifications for an economic system of free market capitalism.
2. Pairing that best describes Adam Smith's view of human motivation in a market economy and Karl Marx's view of human motivation in a communist economy: Both Adam Smith and Karl Marx believed that humans are motivated by self-interest as they both believe that the economy is a capitalist economy that all its good and services are in the hands of private individuals.
