All categories

2 years ago

The main motivation for economic activity in a free enterprise system is

Business

2 answers:

lozanna [386]2 years ago

8 0

Answer:

C. maximizing profits

Explanation:

jekas [21]2 years ago

5 0

Answer:

C. maximizing profits

Explanation:

In the free market economy, productions and economic activities are conducted by individuals and privately owned firms. The government does not participate in economic activities in a market economy. Making profits is the primary reason why the private sector engages in business activities.

In the free market economy, the private sector owns the factors production. They risk their resources in producing goods and services to sell to the public. The reward for taking risks and for providing goods and services is the profits earned.

You might be interested in

Which of the following is NOT a basic assumption of perfect competition? A. Production is characterized by significant economie

Alex17521 [72]

Answer: Production is characterized by significant economies of scale is not an assumption of perfect competition (A)

Explanation:

A perfect competition is a form of market structure that has many buyers and may sellers. In a perfect competition, there is a free entry and exit for producers as there is no barrier.

Also, firms are price takers as no producer can influence the price of the goods in the market unlike in an imperfect competition which is a price maker as producers can influence price. Firms also sell identical products that are the same in quality, size etc.

In a perfect competition, production is not characterized by significant economies of scale. That is an assumption that can be found in monopoly.

Therefore, option A is the right answer.

7 0

3 years ago

2. You now have Birr 2,000,000 in the bank earning interest of .5 percent per month. You need Birr 3,000,000 to make a down paym

vovangra [49]

The number of months that it would take me to accumulate the Birr 3,000,000 is 50 months.

<h3>How many months would it take to accumulate 3,000,000?</h3>

The equation that represents the total amount saved :

Total amount =amount invested + total interest earned + total amount earned

Total interest earned = amount invested x time x interest rate

2,000,000 x 0.005 x m = 10,000m

Total amount earned = savings per month x total number of months

10,000m

3,000,000 = 2,000,000 + 10,000m + 10,000m

3,000,000 - 2,000,000 = 20,000m

1,000,000 = 20,000m

m = 50 months

To learn more about interest, please check: brainly.com/question/26164549

#SPJ1

5 0

1 year ago

Select the best (most informative) answer. present value involves _____ whereas future value involves _____.

Marina CMI [18]

Present Value involves discounting, and future value involves compounding.

The find present value of a dollar a year from now, we must discount by the discount rate, since a dollar a year from now is not worth as much as a dollar today.

To find the future value (in a year) of a dollar we receive today, we increase the dollar by the discount rate, since our dollar today is worth more than a dollar a year from now.

4 0

3 years ago

What is one course of action available in every problem solving process

Sonja [21]

Choose to do nothing about the problem is always a course of action.

4 0

3 years ago

Read 2 more answers

Producers of a strong brand sometimes sell it to dealers only if the dealers will take some or all of the rest of its line. This

never [62]

Answer:

The correct answer is C

Explanation:

Full line forcing is the term which is described as the supplier or the producer which insistence the dealer that must carry the full range of the products in the line.

The policy may or may not be illegal if it could be established that it could serve the legitimate need of the business.

3 0

2 years ago