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Inessa [10]
3 years ago
13

Why do businesses compete in a free enterprise system?

Social Studies
1 answer:
VashaNatasha [74]3 years ago
6 0
The free enterprise systems allows for true competition. This is because the limited restrictions and limitations from the government allow companies to continuously pursue each-other and compete via their own strength.  
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After watching an episode of the educational cartoon Caillou in which the little boy helps his mother put away dishes, little Av
Elodia [21]

Answer:

Observational Learning

Explanation:

When something is learnt by observing others it is known as observational learning. This happens without the need of any reinforcement. This type of learning occurs when a child sees someone who has some authority in the environment or their peers.

Here, Aviva watches a cartoon in which a little boy helps his mother put away dishes. The child in the cartoon is close to his age so he tries to do the same thing the child in the cartoon does.

Hence, Aviva has engaged in observational learning.

5 0
3 years ago
You have figured out the marginal cost and marginal benefit of buying an extra smoothie. In two to three sentences, describe how
ludmilkaskok [199]

Marginal beneficit and marginal cost are economic concepts. On the one hand, the marginal beneficit is defined as the added satisfaction a consumer gets from an additional unit of a good or service. On the other hand, the marginal cost is the change in total cost that results from making or producing one additional item.

The consumer could use these measurements to consider whether the cost is higher than the benefit when purchasing an item or getting a new service. Do they really need to buy an extra t-shirt when they already have enough of them? The benefit would be that they would get another t-shirt. In addition, as this is a new piece of clothing, it would probably be more in fashion than the old ones. However, the consumer would have to spend an amount of money that perhaps he had saved for another purpose and consequently would lack money for it. If he decided not to buy the t- shirt, he would have said amount of money to pay for his taxes or services.  The same applies when it comes to the extra smoothie. The amount of money spent on the smoothie could be used to get something else and, by getting an extra one, you would feel fuller and perhaps would not eat a proper meal afterwards. You could also gain weight if the smoothie is not healthy, so in the end the cost is higher than the benefit.

Therefore, you could easily apply economic concepts, such as the ones described, in your everyday life so as to make decisions that leave you better off. By considering the cost associated with an extra purchase, you could start saving up money. Eventually, you could spend your savings to get a greater benefit. For instance, you could go on vacation without spending your salary and still comply with the payment of your taxes and services.

8 0
3 years ago
Read 2 more answers
Discuss the role of judiciary ? ​
MrRa [10]

Answer:

The judiciary is the branch of government which administers justice according to law. The term is used to refer broadly to the courts, the judges, magistrates, adjudicators and other support personnel who run the system. The courts apply the law, and settle disputes and punish law-breakers according to the law.

8 0
2 years ago
What's the difference between interpersonal and institutional bias?
tekilochka [14]

Answer:

<u>Interpersonal racism (personally mediated) occurs between individuals. This is the bias that occurs when individuals interact with others and their personal racial beliefs affect their public interactions. Institutional racism occurs within institutions and systems of power.</u>

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3 years ago
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Explain social system becomes less efficient​
Sladkaya [172]

the marginal social benefit of producing and consuming another unit equals the marginal social cost.

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3 years ago
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