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Romashka [77]
3 years ago
5

For what purpose are goods and services produced in a socialist economy

Business
1 answer:
Inessa [10]3 years ago
4 0
A socialist economy is a system of production where goods and services are produced directly for use in contrast to a capitalist economic system where goods and servives are produced to generate profit therefore which use socialism directly and solely for use. hope this helps??
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Suppose the baldwin company expands to other markets with good designs, high awareness and easy accessibility, what strategy wou
musickatia [10]
Let me help you!
Since you mentioned that Baldwin compamny will expand to another company with better edge (products etc.) to appear on top, that simply means they are actively competing against the company they are expanding to while employing blue ocean strategy.

Therefore, the strategy they are using is none other than BLUE OCEAN STRATEGY.
6 0
3 years ago
Read 2 more answers
The unemployment rate in the United States is usually​ ________ than the unemployment rates in most other​ high-income countries
bogdanovich [222]

Answer:

The answers are:

  • lower
  • more stringent

Explanation:

In order for an individual to be considered unemployed, the individual must be over 18 years old, be currently out of job, but actively seeking a new job.

The current unemployment rate in the US is 3.7% (as of August 2019) while the unemployment rate in the EU is 6.2%.

In order for an individual to collect unemployment benefits, usually he or she must meet the following requisites:

  • They must be out of work through no fault of their own.
  • They must meet minimum earnings or job tenure requirements.
  • They must be able, available, and actively seeking work.

4 0
3 years ago
When a grant-application package lists eligible applicants, it is just a suggestion. This is America: all organizations are elig
Rufina [12.5K]

Answer:

false

Explanation:

The United States government do make some monies available to individuals or organisation in the form of grants, for the achievement of set purposes or goals. Not everyone or organisation can be eligible for all the available grants at any time. People are expected to look through various application processes to know if they are legally eligible to apply for any grant in order to avoid wasting their time and money during application.

6 0
3 years ago
Three identical homes in a neighborhood were listed at the same time in a market where demand was constant. According to the law
irga5000 [103]

Answer:

So then as we can see if the demand is constant the first sold would be the correct answer for this case. Because assuming the demand constant and we have more than 1 supplier with the same price the first one would sold the good or service on this case the house.

Explanation:

The law of demand and supply "is an inverse relationship between the supply and prices of goods and services when demand is unchanged. If there is an increase in supply for goods and services while demand remains the same, prices tend to fall to a lower equilibrium price and a higher equilibrium quantity of goods and services".

So then as we can see if the demand is constant the first sold would be the correct answer for this case. Because assuming the demand constant and we have more than 1 supplier with the same price the first one would sold the good or service on this case the house.

6 0
3 years ago
Your buddy in mechanical engineering has invented a money machine. The main drawback of the machine is that it is slow. It takes
NemiM [27]

Based on the amount it would cost to build the machine and the interest rate as well as the payoff, the following are true:

  • A. $333
  • B. $667

a. The machine will take a year to build which means the payoff will only start coming in next year.

First find the present value of the perpetuity:

= 70 / 5%

= $1,400

You then need to find the present value of the above in the current period:

= 1,400 / ( 1 + 5%)

= $1,333

NPV is:

= 1,333 - 1,000 cost

= $333

B. If the amount produced increases by 1%, you should use the Gordon Growth Model:

<em>= Next payoff / ( Interest - Growth)</em>

=70/ ( 5% - 1%)

= $1,750

Take this to current year:

= 1,750 / 1.05

= $1,667

NPV will be:

= 1,667 - 1,000

= $667

Find out more about NPV at brainly.com/question/7254007.

3 0
2 years ago
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