An economic structure in which judgments about what to manufacture and in what amounts are determined by the markets consumers and retailers is known as a free-market system
This is further explained below.
<h3>What is
the free-market system?</h3>
Generally, A market economy is an economy in which choices about investment, production, and distribution to consumers are led by the price signals that are formed by the forces of supply and demand. This kind of economic system is known as a free market economy.
In conclusion, A free market system is an economic framework in which decisions on what to make and in what quantities are set by the customers and retailers in the market.
This kind of system is also known as a consumer-driven economy.
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Answer: Occupation or exploitation
Explanation:
Foreign business would find it differently difficult to break into the local market of a particular environment. One of the ways they can break into such market is by exploitation. They have to exploit the market by carrying out extraordinary deeds in what their products offer or how they intend selling their product to the local market they are approaching. They need to be creative with their plan and seek ways to capture the fancy of these market.
All of the following are the actors that exists in the information systems except the sales force.
<h3>What is meant by environmental actors?</h3>
The environmental actors are the people or the forces that would have the roles that they have to play in the business. They are the ones that have to act as the business actors in the demand and supply and other forms of distribution in an economy.
The actors are the players that are in the business that they organization and the business are going to interact with. These are the people such as the customers, the suppliers, the shareholder, the competitors and other forces. The action of the environmental actors keeps businesses alive and are of crucial importance to any economy.
Hence we can say that All of the following are the actors that exists in the information systems except the sales force.
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<u>Answer:</u>
<u>Closing entries
</u>
Date account and explanation Debit Credit
Dec 31 Service revenue 108000
Income summary 1080000
(To close revenue)
Dec 31 Income summary 72000
Supplies expense 6000
Salaries and wages expense 40000
Utilities expense 8000
rent expense 18000
(To close expense)
Dec 31 Income summary 36000
Owner's capital 36000
(To close income summary)
Dec 31 Owner's capital 22000
Owner's Drawing 22000
(To close withdrawal)
BANKS HAVE REDUCED INTRESTS RATES IS THE AWNSER
