Lower your amount of expenses
Answer:
A. free-market conditions.
Explanation:
Free market are the condition in the market, which is not governed by the government and people are free to exchange their goods and services with others and market are solely operated by the law of demand and supply. Government does not interfere in the functioning of market and market is regulated by private players or entrepreneur.
Following are the disadvantages of free market condition:
- Profit is the only motive remain.
- High rate of unemployment and inquality.
- High chances of monopoly.
Answer: Rate of economic growth = 28%
Explanation:
In year 1,
Work hours in New Zombie = 300
Productivity = $10 per hour worked
Real GDP in the given year = Productivity × Work hours
= $10 × 300
= $3,000
In year 2,
Work hours in New Zombie = 320
Productivity = $12 per hour worked
Real GDP in the given year = Productivity × Work hours
= $12 × 320
= $3,840
Rate of economic growth = 
= 
= 28%
Answer:
Market equilibrium
Explanation:
The market equilibrium is the price at which the quantity demanded and the quantity supplied are intersected to each other
The intersection could be done by supply and demand curves
Moreover, there is a positive relationship between the price and quantity supplied while for quantity demanded it has an inverse relationship between the price and quantity demanded
