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3 years ago

Free market economies stimulate greater economic growth, whereas state-directed economies stifle growth. Discuss.

Business

1 answer:

Marizza181 [45]3 years ago

4 0

Answer:

Free market economies stimulate growth because they give people incentives to become more innovative. In a market economy, people get to keep the money that they make from business ventures (less taxes of course) which spurs them on to compete more and produce better so that they can make more than their competitors and get wealthier.

This competition will stimulate growth and lead to more efficiency because less efficiency means higher costs and less profitability.

This is in contrast to state-directed economies where resources are shared and people have to work for the benefit of others. You will find that those who could have been innovative will lose the urge to be so because they will not get as wealthy from it.

Inefficiency will also be rife as the government tries to include as many people in production as they can which will lead to higher costs and less profits culminating in weak economic growth.

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A boycott occurs when workers collectively refuse to go to work.

nikitadnepr [17]

When workers refuse to work its called boycotting

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3 years ago

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DaniilM [7]

Answer:

An interview

Explanation:

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3 years ago

Which of the following institutions makes up the largest part of the Federal Reserve System organization

vlada-n [284]

The Correct answer choice for question 1 is : <u>Federal Reserve Banks</u>

<h3>What is Federal Reserve Banks?</h3>

While the Board of Governors is a sovereign government agency, the Federal Reserve Banks are set up like private companies. Member banks hold stock in the Federal Reserve Banks and earn profits. The Federal Reserve's interest is determined principally from the interest on U.S. government securities that it has received through open market operations.

AND

The Correct answer choice for question 2 is : <u>Buy government securities</u>

<h3>What is Recession?</h3>

A recession is a business cycle recession which occurs in a general slowdown in financial activity. Macroeconomic indicators such as GDP, finance spending, capacity utilization, household income, business profits, and inflation fall, while failures and the unemployment rate rise.

Therefore, we can conclude that the correct option of 1 is (B) and 2 is (A).

Your question is incomplete, but most probably your full question was:

1. Which of the following institutions makes up the largest part of the Federal Reserve System organization?

A. Board of Governors

B. Federal Free Market Committee

C. Federal Reserve Banks

D. Member banks and other depository institutions

2. If the United States falls into a recession, which action would the Federal Reserve take to encourage employment?

A. Buy government securities

B. Increase reserve requirements

C. Raise federal funds and prime rates

D. Sell government securities

Learn more about Federal Reserve System on:

brainly.com/question/999538

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2 years ago

A young couple has $300,000 that they have used to aggressively trade growth stocks. They place their account with a Registered

EastWind [94]

Answer:

the investment advisor should do nothing

Explanation:

In the scenario that is being described, the investment advisor should do nothing. This is because the investment advisor did nothing wrong or illegal, he simply followed the instructions that were strictly provided by the clients, therefore acting in accordance with the customers' wishes. Meaning that he has nothing to fear from the client's being accept because they have no standing to take legal action against the advisor.

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3 years ago

Which three activities are part of the function of accounting?

IgorC [24]

The 3 activities which are part of the function of accounting includes:

Classifying financial transactions
interpreting financial transactions
Recording financial transactions

Accounting (<em>including bookkeeping</em>) refers to the process of recording, preparing, analyzing and interpreting financial information or statements for future purpose.

As regards the options, 3 activities which are part of the function of accounting includes:

Classifying financial transactions
interpreting financial transactions
Recording financial transactions

In conclusion, the process of accounting helps to identifies, records, classifies and communicate the company's economic events to interested users.

Missing word includes <em>"1. prioritizing financial transactions 2. classifying financial transactions 3. planning financial transactions 4. interpreting financial transactions 5. recording financial transactions"</em>

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<em>brainly.com/question/15393400</em>

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3 years ago