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elena55 [62]
3 years ago
15

Explain how the basic economic problems are solved under capitalism?​

Business
1 answer:
Brums [2.3K]3 years ago
7 0

Answer:

Under capitalistic economy, allocation of various resources takes place with the help of market mechanism. Price of various goods and services including the price of factors of production are determined with help of the forces of demand and supply. Free price mechanism helps producers to decide what to produce.

The goods which are more in demand and on which consumers can afford to spend more, are produced in larger quantity than those goods or services which have lower demand. The price of various factors of production including technology helps to decide production techniques or methods of production. Rational producer intends to use those factors or techniques which has relatively lower price in the market.

Factor earnings received by the employers of factors of production decides spending capacity of the people. This helps producers to identify the consumers for whom goods could be produced in larger or smaller quantities. Price mechanism works well only if competition exists and natural flow of demand and supply of goods is not disturbed artificially.

Explanation:

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The new international division of labor reflects the growing importance of
Ivahew [28]

Answer:

A) Outsourcing

Explanation:

Outsourcing is sourcing labor and talent internationally rather than domestically.

4 0
4 years ago
A company is analyzing whether its employees prefer to skip their lunch break and leave a half-hour early each day or take a lun
spayn [35]

The results are inconclusive; Therefore a generalization cannot be made regarding which option is selected more often.

What is generalization and why is it important?

The ability to carry out a task, engage in an activity, or exhibit behavior in many contexts, with various people, and at various times is known as generalization. We have "generalized" the necessary skills, which explains why we can carry out routine tasks in a range of contexts and settings.

How can generalization be improved?

Using a network that is just big enough to achieve a good fit is one way to enhance network generalization. The ability of a network to perform more complicated functions increases with network size. The network won't have the strength to overfit the data if it is tiny enough.

Learn more about network size: brainly.com/question/1825455

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6 0
1 year ago
Journalize the following transactions in the general journal: Sept. 1 Sold common stock for cash $60,000. 1 Paid rent for the mo
faust18 [17]

Answer: See explanation

Explanation:

September 1:

Debit Common stock $6000

Credit: Cash $60000

September 1:

Debit: Rent $1500

Credit: Cash $1500

September 3:

Debit: Cash $10000

Credit: Note payable $10000

September 3:

Debit: Cleaning Equipment $5,500

Credit: Cash $3,000

Credit: Account payable $2,500

September 4:

Debit: Supplies $4200

Credit: Cash $4200

September 10:

Debit: Cash $3500

Credit: Service revenue $3500

September 21:

Debit: Account receivable $3800

Credit: Service revenue $3800

September 23:

Debit: Account payable $2500

Credit: Cash $2500

September 28:

Debit: Bank $2800

Credit: Account receivable $2800

September 29:

Debit: Electricity expense $85

Credit: Electricity payable $85

September 30:

Debit: Wages $1950

Credit: Cash $1950

September 30:

Debit: Gasoline $275

Credit: Cash $275

September 30:

Debit Dividend $900

Credit Cash $900

3 0
3 years ago
A student wants to buy a smartphone so she can share pictures with her friends. An insurance claims adjuster wants to buy a smar
gayaneshka [121]

Answer:

Option A (Both the adjuster and the student we potential customers because in their own way, they both benefit from the product).

Explanation:

Both the adjuster and the student were potential customers as they were both buying the smartphone for either personal or official use. The adjuster sees the smartphone as a product or tool that could be used to make work efficient. The student sees the product as a luxury. Either way, they are buying the smartphone and as such, they are very important to the producers of the smartphone because the product is useful to both of them.

5 0
3 years ago
Predictive analytics is used for all of the following exceptâ:
Sindrei [870]

Answer: determining the best routes for product delivery.

Explanation:

Predictive analytics is designed I order to help determine the effects of changes that occurs in a business environment.

It can be used for establishing consumer credit scores, forecasting the safety of drivers, identifying the most profitable customers and also anticipating customer response to price changes.

It is not used for determining the best routes for product delivery.

6 0
3 years ago
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