The principle of open opportunity in the marketplace means that anyone who wants to put up a business is welcome to do so. However, the success of his business rests entirely on how well it is received in the market.
Guaranteeing success to everyone in the marketplace is impossible. Competition is always present. Demand and supply can be affected by factors beyond human control.
Owner is only responsible.
Owner
- Owner is the one who owns the business, create business plans , different goals, & mainly ensures that there business would last forever.
- He is never engaged in day to day activities but always do the proper inspection of all the works in all the departments.
- Manages the budget, sales forecasting, planning, organizing in all the process they used to work as a leader.
Alarm systems
- These are the systems who had the automatic sensor for smoke, fire, & other fire related emergency are detected.
- They have different pitch of sounds according to the places; i.e. at required place they have high sound and vice versa.
- They used to activate Automatically when any heat or fire related substances come closer to it.
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Answer:
C. the fair distribution of economic benefits
Explanation:
In economics, there is equity in resource distribution if resources are distributed in such a way as to ensure fairness and justice.
In a command economy, in order to ensure justice and fairness, the government is charged with the responsibility of redistributing economic resources. While in a capitalist economy, the price system does the work of income redistribution.
The question of equitable resource distribution can be achieved through pareto optimal allocation of resources, Vilfredo Pareto in his book “Manual of Political Economy”, 1906. A Pareto-optimal allocation of resources is achieved when it got to a point where it is impossible to make anyone better off without making someone else worse off.
