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fenix001 [56]
3 years ago
8

Explain how the U.S. economic system differs from the economic system in Cuba.

Business
1 answer:
marusya05 [52]3 years ago
8 0
The economy of Cuba is a planned economy dominated by state-run enterprises. The government of Cuba owns and operates most industries and most of the labor force is employed by the st
You might be interested in
Research three successful entrepreneurs. Directions Use the Internet to research any three successful entrepreneurs of your choi
Natalka [10]

Conducting research on three successful entrepreneurs, we came to three relevant names in the current scenario, which are Jeff Bezos, Steve Jobs and Mark Zuckerberg.

Now let's briefly learn a little more about the profile of each of them:

<h3>Jeff Bezos</h3>

Jeff Bezos is the richest man in the world right now. His success story begins with the visionary idea of ​​founding Amazon in 1994, the pioneer in e-commerce in the world.

The essential characteristics of Bezos to be so successful were his visionary, methodical and innovative personality, since already at the beginning of his entrepreneurial trajectory, he was transparent with the shareholders that the company would take at least five years to generate profits.

<h3 /><h3>Steve Jobs</h3>

He founded Apple in 1976, one of the most valuable computer companies in the world, whose products revolutionized the history of personal computers, cell phones, music, etc.

Jobs' characteristics that helped him to create a successful brand were his persistence, hard work and perfectionism with which he performed his tasks.

<h3>Mark Zuckerberg</h3>

He became known for being the creator of faceb00k in 2004, the most accessed social network in the world, which expanded rapidly, with the acquisition of the most downloaded apps of the decade and made Zuckerberg one of the most successful entrepreneurs of the world.

His reserved and work-focused personality meant that he took advantage of opportunities to improve and extend his business, from acquiring new social media and innovating his company to a media and technology conglomerate.

Therefore, through the profile of these three famous entrepreneurs, it is possible to perceive similar character traits that were vital to the success of their companies, such as being a visionary leader, seeing unique opportunities to innovate through persistence and hard work.

Find out more information about entrepreneurship here:

brainly.com/question/353543

6 0
2 years ago
Select the correct answer.
Yuki888 [10]

Answer:

The answer is A

Explanation:

The downward sloping curve is a graphical representation depicting the relationship between a commodity's different price levels and quantities which consumers are willing to buy.

7 0
3 years ago
Read 2 more answers
Suppose all of the banks in the Federal Reserve System have $100 billion in transactions accounts, the required reserve ratio is
ki77a [65]

Answer:

$25 billion

Explanation:

The difference between a 0.25 reserve ration and a 0.20 reserve ratio is 0.05, which represents $5 billion in available money (= 0.05 x $100 billion).

If the total bank reserves is $100 billion, and the reserve ratio is 0.20, the money multiplier = 1 / 0.20 = 5.

If the banks have $5 billion available for loans and the new money multiplier = 5, then the lending capacity of the banking system will increase by $25 billion (= $5 billion available x money multiplier).

7 0
3 years ago
The following information is available for Sunland Company.
dmitriy555 [2]

Answer:

                                     Sunland Company

                        Cost of goods manufactured Schedule

                                           For the year ended

Work in progress                                                      15,470

Direct Materials

Raw material                                       22,250

Add: Raw material purchased           <u>154,500</u>

Total raw material available for use  176,750

Less: Raw material inventory             <u>32,850</u>

Direct material used                                               143,890

Direct labor                                                             225,290

Manufacturing overhead                                        <u>183,120</u>

Total manufacturing costs                                                        <u>552,300</u>

Total cost of work in progress                                                  567,770

Less: Work in process inventory                                                <u>18,560</u>

Cost of goods manufactured                                                    <u>549,210</u>

6 0
3 years ago
When a financial institution makes a real estate loan to a home buyer, the transaction takes place: - When the buyer proves his
serg [7]

Answer:

When the buyer proves his creditworthiness

Explanation:

In simple words, the creditworthiness refers to the ability of a borrower to pay back the loan to the lender at the specified time and interest. While taking loan form a financial institution the home buyer first have to prove that he or she is able to pay back the loan taken.

Thus, from the above we can conclude that the correct option is A.

6 0
3 years ago
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