Decentralization or decentralisation is the process by which the activities of an organization, particularly those regarding planning and decision making, are distributed or delegated away from a central, authoritative location or group.

4 0

2 years ago

A market has four individuals, each considering buying a grill. Assume that grills come in only one size and model. Martina cons

artcher [175]

Answer:

Martina

Javier :

Kama

Explanation:

The people that would participate in the market are those whose willingness to pay is higher than the market price for the grill.

The willingness to pay is the highest amount a person would be willing to pay for a good

Martina : $400 > $300 would participate

Javier : $350 > $300 would participate

Kama : $320 > $300 would participate

Lina : $200 < $300 would not participate

5 0

3 years ago

GDP is $12 trillion this year in a closed economy. Consumption is $8 trillion and government spending is $2 trillion. Taxes are

Cloud [144]

Answer:

$2 trillion

Explanation:

In a closed economy GDP is $12 trillion

Consumption is $8 trillion

Government spending is $2 trillion

Taxes is $0.5 trillion

Therefore the investment spending can be calculated as follows

= $12 trillion - $8trillion-$2trillion

= $2 trillion

Hence investment spending is $2 trillion

8 0

2 years ago