1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
swat32
3 years ago
11

What is economic system ?​

Business
2 answers:
CaHeK987 [17]3 years ago
8 0

Answer:

An economic system, also known as an economic order, is a method of producing, allocating resources, and distributing products and services within a community or geographical region.

Countries and governments allocate resources and trade commodities and services through economic systems. They are used to manage the five components of production: labor, capital, entrepreneurs, physical assets, and information assets.

<u>------------------------</u>

<u>OAmalOHopeO</u>

<u>------------------------</u>

joja [24]3 years ago
4 0

An Economic System, sometimes known as an <em>Economic Order</em>, is a system for producing, allocating resources, and distributing products and services within a community or geographical region. It is made up of the numerous organizations, agencies, entities, decision-making processes, and consumption patterns that make up a community's economic structure.

You might be interested in
How volume and variety affects process design
Maurinko [17]

Answer:

rocesses often producea high variety of products/services and high-volume operations processes often produce a narrow variety of products/services. The design of any process should be governed by the volume and variety it is required to produce. Depending on those factors, processes will changeExplanation:

4 0
3 years ago
Career question easy below :)
rewona [7]

Answer:

I think the answer is D

Explanation:

6 0
3 years ago
What statement below best defines "exporting pollution"? When a country decreases its exports, resulting in a lower level of dom
tamaranim1 [39]

Answer:

"Exporting pollution" occurs when a country reduces its domestic pollution, but increases imports that cause pollution in other countries.

Explanation:

Exporting pollution is a commercial and environmental process through which the most developed countries send their most polluting companies to produce their goods to underdeveloped countries. These companies, generally industrial, transfer their production of carbon dioxide and other polluting gases to these countries, which receive large employers and economic benefits but in turn accept higher rates of contamination in their territories.

4 0
4 years ago
During the current year, Esty Company replaced the roof on its manufacturing facility with a better roof that also extended the
vodka [1.7K]

Answer:

A

Explanation:

5 0
3 years ago
uring a recession, which of the following is true? A. Consumer staple stocks rise on expectations that consumers will continue t
alexandr1967 [171]

Answer:

A. Consumer staple stocks rise on expectations that consumers will continue to spend on necessities.

Explanation:

Recession refers to the contraction which occurs in the business cycle when the economic activities experience a decline. When the economy experiences a decline for at least six months, a recession occurs. During the period of recession, because of unemployment, the rate of growth decreases. The consumers stop to spend which affects the economy of the business.

7 0
4 years ago
Other questions:
  • 2. A depositor puts $25,000 in a saving account that pays 5% interest, compounded semiannually. Equal annual withdrawals are to
    12·1 answer
  • What effect may result if specific account titles are not used in journalizing? the financial statements may be not be accurate?
    8·1 answer
  • A company operates in a perfectly competitive market, selling each unit of output for a price of $20 and paying the market wage
    13·1 answer
  • You should place a date stamp on which of the following types of incoming mail?
    9·1 answer
  • Refined grain products are often fortified with _____ to decrease rates of _____.a. iodine; early deliveryb. vitamin A; fetal he
    10·1 answer
  • Sue invested $12,000 in the ABC Limited Partnership and received a 10 percent interest in the partnership. The partnership had $
    6·1 answer
  • Mary exchanged an office building used in her business for some land. Mary originally purchased the building for $45,000, and it
    12·1 answer
  • . A shop that makes candles offers a scented candle, which has a monthly demand of 400 boxes. Candles can be produced at a rate
    13·1 answer
  • Kunkel Company makes two products and uses a conventional costing system in which a single plantwide predetermined overhead rate
    14·1 answer
  • The market price of a security is $46. Its expected rate of return is 10%. The risk-free rate is 4%, and the market risk premium
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!