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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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What is price index number?​
Semmy [17]

Answer:

Price index number can be defined as a measure of how the price of goods and services change over a specific period of time.

Explanation:

Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services. Thus, it refers to the amount of money a customer or consumer buying goods and services are willing to pay for the goods and services being offered.

Generally, the price a consumer (buyer) would pay for goods and services are primarily being set by the seller or service provider.

In sales and marketing, pricing of products is considered to be an essential element of a business firm's marketing mix because place, promotion and product largely depends on it.

Price index number can be defined as a measure of how the price of goods and services change over a specific period of time.

Hence, it's a statistical value (number) that is typically used for expressing the price change of goods and services as a percentage of prices in a base year.

On a related note, the consumer price index (CPI) is a measure used to analyze and examine the weighted average or aggregate of prices of a basket of goods and services paid for by consumers such as medical, food, and transportation.

8 0
3 years ago
When thinking of the process of deciding on a career, it is best to think of the process as a _____.
evablogger [386]

Answer:

Spiral in

Explanation:

Straight path can lead you to a random career choice that you do not like. Final destination does not give you enough time to choose something you will be doing for the rest of your life. However, circling will never get you to decide, so the last option is most ideal

4 0
3 years ago
The _____ is used to measure price changes in commonly used goods and services, such as food and housing. real inflation, hyperi
Marina CMI [18]
Consumer price index is correct hope i am brainliest i need it 
5 0
3 years ago
Suppose you would like to a train a group of managers to enhance their skill in providing employee feedback. Which of the follow
devlian [24]

Answer:

Adventure learning

Explanation:

Adventure learning or training refers to those experimental adventure based training programs so as to promote organizational development.

Such a form of training includes adventurous activities , which may be carried out within or outside an organization.

It could be in the form of socializing games created so as to make employees or trainees familiar with one another.

There could be group activities so that trainees understand the importance of working in a group and effective coordination.

Such form of training and learning promotes organizational growth, individual development and build of trust between employees and better understanding and synchronization.

Such a form of learning can also help in resolving conflicts and aid in the development of leaders.

7 0
3 years ago
The amount of reserves that a commercial bank is required to hold is equal to?
kramer

Answer:

its checkable deposits multiplied by the reserve requirement.

Explanation:

5 0
2 years ago
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