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2 years ago

In a economy, the government owns the means of production.

Business

1 answer:

Daniel [21]2 years ago

5 0

Answer:

(a) Command

Explanation:

A command economy is also known as planned economy and it can be defined as a type of economy in which the government owns and control the means of production.

This ultimately implies that, in a command economy, the government owns the means of production.

Societies that operate a command economy generally practices communism.

Communism is a system of philosophical, political, social organization and economical ideologies that advocates the elimination of private property but a profit-based economy with public ownership of the means of production.

It ultimately aims to ensure each person contributes and receives according to their abilities and needs.

Vietnam, China and Cuba are examples of communist countries that operate a command economy.

In conclusion, a command economy requires that the method of exchange, distribution, as well as the means of production of goods and services and allocation of resources for production should be controlled or regulated by the public (government) rather than the private sector.

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3 years ago

Scenario 15-6 The concert promoters of a heavy-metal band, WeR2Loud, know that there are two types of concert-goers: die-hard fa

nata0808 [166]

Answer:

Profit = $125,000

Explanation:

We know,

Profit = Sales revenue - Expense

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3 years ago

On december 31, slugger batting cages company decides to trade in one of its batting cages for another one that has a cost of $5

alexira [117]

Answer:

The answer is A) $488 000

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The current carrying amount of the batting cage is $30 000 ( 225000 - 195000 ). Although the cage is only being traded in for $12000. The $18000 is regarded as loss to the company trading in the batting cage.

The value of the boot is therefore the amount of batting cage acquired less the trade in value of $ 18000. We thus get to an amount of $ 488000

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3 years ago

Read 2 more answers

A zero-sum game is a situation in which an economic gain by one country results in an economic loss by another.

Whitepunk [10]

The correct answer is: [A]: "True" .
_____________________________________________________

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3 years ago

Explain the key function of the marketing manager..

harina [27]

Marketing manager analyze the demand regarding the product as well as the trend.

Explanation:

Marketing manager has to perform various responsibilities, they are as follows-

Coordinates and advises various business activity

A marketing manager looks after various activities such as packaging, storage, advertisement, transportation, sales as well as purchase

Identifying market potentials

A marketing manager always look after the potential of the markets , the manager also keep knowledge regarding the product that is in demand, as well as look after the trend .

Launch attractive product

A marketing manager always try to produce new product that would attractive to the consumers and try to satisfy the demand of the consumers.

Create a good market plan

A marketing manager always has to make a good plan. A manager has to focus on which product need to be produced, how the packaging should be done, how to improve the storage, what will be the strategy for advertisement.

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3 years ago