All categories

3 years ago

UDig is a large mining company based in country B. UDig is in the private sector. It supplies

1 answer:

5 0

A private company is a for-profit organization that does not belong to the state but a particular group or individual.

The term private company refers to a for-profit organization that is controlled by a group of people or an individual and does not belong to the State.

Private companies are also characterized by:

It develops an economic activity such as the production, distribution, or sale of some good or service to obtain profits (for profit).
It can be sold to the State, but it would cease to be a private company.
It can be privatized after being a public company.
It can compete with the public company.
You must pay taxes to the government and guarantee for your workers all the benefits established by law.

The private sector refers to the set of private companies in a country, they can be foreign or national companies.

Note: The question is incomplete. Here's the full question:

Define 'private sector'.

UDig is a large mining company based in country B. UDig is in the private sector. It supplies businesses in country B with 30% of the coal they need and the rest is imported.

UDig now has eight mines but plans to close two of them. This will threaten 1800 employees with redundancy. The Managing Director said: ‘I blame the appreciation of country B’s exchange rate and new legal controls, including those to protect the environment. The Government should help private sector businesses. '

Learn more in: brainly.com/question/24927689

You might be interested in

Logano Driving School’s 2017 balance sheet showed net fixed assets of $2.4 million, and the 2018 balance sheet showed net fixed

Ray Of Light [21]

Answer:

The answer is: $1,219,000

Explanation:

Net capital spending (NCS): is the amount of money a company invests in acquiring new fixed assets.

We use the following formula:

Net Capital Spending = ending fixed assets – beginning fixed assets + depreciation

NCS = $3,300,000 - $2,400,000 + $319,000 = $1,219,000

8 0

3 years ago

The price level is a__________.

Afina-wow [57]

Answer:

c. nominal variable

Explanation:

Nominal variable is a variable that hasn't been adjusted for inflation. E.g. price level

Nominal variable = real variable + inflation rate

Real variable are variables that have been adjusted for inflation rate. E.g. real GDP

Real variable = nominal variable - inflation rate

Relative variable is the value of a variable in terms of another variable. E.g. comparative advantage

Dichotomous variable are variables that can take on either two values when measured e.g. gender

I hope my answer helps you.

7 0

4 years ago

Jane refused on the basis that she never gave refunds and that Bob took the risk that the painting was not done by Bill. Should

Vitek1552 [10]

No, because Jane will win in a small claims court because it is not done in a federal court which is needed for this situation

8 0

3 years ago

The problem of _________________ arises when an antique dealer knows more about the quality of an item than the potential buyer,

vlada-n [284]

Answer:

Option (D) is correct.

Explanation:

Imperfect information refers to a situation in which both the parties (i.e buyer and seller) have different information. For example; In a market of second hand car industry, the buyer have less information about the car as compared to the seller. In this type of industry, the seller have more information about the condition and quality of used car.

In our case, the seller of antique have more information about the product, so this will lead to give a disadvantage to a potential buyer of antique.

8 0

3 years ago

Read 2 more answers

A fundamental notion of economic analysis is that all households and firms must make choices because of?

lara31 [8.8K]

A fundamental notion of economic analysis is that all households and firms must make choices because of scarcity.

<h3>What is Economic analysis?</h3>

Economic analysis essential involves the evaluation of of costs and benefits relative to a countries financial reports.

It can be used also for projects based on the benefits of the projects and the viability of the project.

It helps o know how resources are distributed and the overall impacts the project is making. If the analysis is not well done there can be shortage of resources or scarcity of resources, products and goods.

Therefore,

A fundamental notion of economic analysis is that all households and firms must make choices because of scarcity..

Learn more on Economic analysis below

brainly.com/question/24514964

#SPJ1

4 0

2 years ago