A competitive market economy with low barriers to entry affords an entrepreneur with
the opportunity to bring new and different products and services to the market.
Answer: Champion
Explanation:
Someone who drives a course from the initial stage to a stage where it is seen as satisfactory by him and people is known as a champion, as it's been put; the individual championed the course. This individual is responsible for the process of the project and sees that it becomes successful, despite the efforts of others, he supervises them and ensure they carry out the task as he planned it. A manager who takes "ownership" of a project and provides the leadership and vision that takes a commodity from the idea stage to the final customer is a product champion.
If the government imposes a price ceiling of $4. The quantity purchased by consumers in this market would decline from 4 to 2.
A price ceiling is a situation in which the calculated price is above or below the equilibrium price determined by the market forces of supply and demand. Higher price caps have been shown to be ineffective. It turns out that price caps are very important in the residential rental market.
A price ceiling is the legal maximum price you can pay for goods or services. Governments set price caps to keep the prices of essential goods and services affordable. For example, when Hurricane Katrina hit in 2005, the price of bottled water exceeded $5 a gallon.
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Answer:
1) GDP
GDP= consumption+ investment+ government purchases+net exports
= 250+75+90+24-22
GDP = $417
2) NDP
= GDP - Depreciation
GDP - 25
NDP = $392
3) NI
NI=NDP + NFINC - IBT + SS
392+10-40+40
NI = $402
4) PI
PI = NI - CT - RE - SS + TP + Nint
PI = $314
5) DI
DI = PI-PT
DI = $274
Answer:
The answer is D. reduce; because sales increase
Explanation:
Negative unplanned inventory is when the business doesn't have sufficient inventory to supply its customers. If customers buy more than expected, inventories unexpectedly decline and unintended inventory investment turns out to have been negative.
