I will give brainliest if answered correctly!

Market failure occurs when A. the market system fails to allocate resources to each individual according to their needs. B. the

AysviL [449]

Answer:

B. the unrestrained market economy leads to too few or too many resources going to a specific economic activity.

Explanation:

The economic situation whereby the distribution of goods and services in the free market becomes inefficient is known as Market Failure. It is the phenomenon in which price system fails to account for all the costs and benefits necessary to provide and consume a good or service. It occurs when the unrestrained market economy leads to too few or too many resources going to a specific economic activity. It also occurs when there is a state of disequilibrium in the market due to market distortion.

3 0

4 years ago

Read 2 more answers

What caused china's phenomenal economic growth rate over the last 30 years, and why is it likely unsustainable in the long run?

user100 [1]

Answer:

What caused china's phenomenal economic growth rate over the last 30 years

There are many causes for China's economic miracle in recent decades.

The first cause is that China decided to open the country to foreign investment in some parts of the country, the famous Special Economic Zones, the first one having been located in the city of Shenzhen, north of Hong Kong. This flow of capital boosted inustrial growth.

The second cause is that China became a manufacturing powerhouse due to lower labor costs, reason why most developed countries outsourced a large precentage of their manufacturing sector to China.

A third cause is that the Chinese government worked closely with both domestic firms and foreign firms in specific sectors, promoting a mixed economy in between economic planning and a market economy.

why is it likely unsustainable in the long run?

China's growth is likely unsustainable in the long run because as a country develops and catches up with the advanced world, its rate of growth tends to fall due to a myriad of reason, from capital exhaustion to lower demographic growth, to a less dynamic consumer market in several sectors.

4 0

3 years ago

Marketing is ________. satisfying customers at a profit the business function that identifies customers and their needs and want

Gwar [14]

Marketing is<u> business</u>. satisfying customers at a profit the business function that identifies customers and their needs and wants product, place, promotion, and price all of the above.

Marketing is the process of researching, creating, and offering value to meet the needs of a target market for goods and services. May include target group selection. Choose specific attributes or topics to highlight in your ad. conduct advertising campaigns; participate in trade fairs and public events; Buyer-friendly product and packaging design.

Defining terms and conditions of sale such as prices, discounts, warranties, and return policies. Posting products to the media or to individuals who are believed to influence the buying habits of others.

Agreements with retailers, wholesalers, or resellers; seeking to generate brand awareness, loyalty, and positive sentiment; Marketing is usually done by the seller, usually a retailer or manufacturer. Tasks may also be assigned to special marketing companies or advertising agencies.

Learn more about Marketing here : brainly.com/question/25754149

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3 0

2 years ago

Product compatibility is the capability of an item sold by one firm to function with another firm's _________ complementary sub

8090 [49]

Answer:

Complimentary; multiproduct; network

Explanation:

Product compatibility is the capability of an item sold by one firm to function with another firm's complimentary product.

Product compatibility is an industry-wide issue for multiproduct firms selling two or more complementary products subject to network effects.

Product compatibility is simply the ability of a product to go along or function with another product.

A complimentary product is supposed to be compatible with the other compliment goods.

6 0

4 years ago

Mills Corporation acquired as a long-term investment $290 million of 8% bonds, dated July 1, on July 1, 2021. Company management

kow [346]

Answer:

Journal Entries are given below

Explanation:

Mills Corporation-journal Entries

Date Particulars Debit (In Miln) Credit (in Mln)

01-Jul-21 Bond Investment $290.00

Investment premium $50.00

Cash $340.00

Investment recorded

31-Dec-21 Cash ($290 * 8% * 6/12) $11.60

Premium bond investment $1.40

Interest revenue ($340*6%*6/12) $10.20

Revenue recognized for bond interest and amortization of discount.

31-Dec-21 Unrealized holding gain or loss $8.60

Fair value adjustment ($340 - $330 - $1.40) $8.60

investment recorded at fair value.

02-Jan-19 Fair value adjustment Dr $8.60

Reclassification adjustment - $8.60

Fair value adjustment at the time of sale

02-Jan-19 Cash $290.00

Loss on sale of investment $48.60

bond investment premium $48.60

Investment in Bond $290.00

Sale of investment.

3 0

3 years ago