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3 years ago

The laissez faire model is inspired by the work of which economic philosopher?

1 answer:

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Laissez faire model was inspired by John Stuart Mill's book "Principles of Political Economy" (1848). This model states that the government should not be heavily involved in the market, and should have a hands off approach.

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Darnell lives in an area where labor is plentiful and locations for start-ups are relatively cheap. He is also confident that he

yKpoI14uk [10]

Answer:

B) Entrepreneurship and knowledge

Explanation:

For Darnell, labor is readily available. The many locations where he can set up his business represents land. He is sure to get start-up funds, which is capital. Out of the four factors of production, he now needs entrepreneurship skills and knowledge.

Entrepreneurship is the art of creating a new business and managing it to profitability. It involves taking risks associated with pursuing a business opportunity. Darnell is the entrepreneur in this case. He has to coordinate all the other factors of production and make them work as a unit. He needs the knowledge to start and manage the business to make it successful.

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3 years ago

1-8 Dollar General Corporation operates deep-discount stores offering housewares, cleaning supplies, clothing, health and beauty

Temka [501]

Answer:

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3 years ago

A seller in a competitive market can:

Inessa05 [86]

Answer: option A

Explanation: In simple words, competitive market refers to the market structure in which large number of buyers and sellers are present each operating at a small level and selling similar production with no interdependence on one another.

In such a structure, the sellers has to accept the price that is determined by the market forces of supply and demand as no individual participant can influence the price by changing output due to low level of operations.

Thus, the correct option is A.

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4 years ago

According to the text, management contracts usually stipulate that a fee of __________ be paid to the firm providing the managem

harina [27]

Answer:

A. 2 to 5 percent of sales

Explanation:

According to the text, management contracts usually stipulate that a fee of 2 to 5 percent of sales be paid to the firm providing the management expertise.

7 0

3 years ago

Read 2 more answers

What percentage of your gross salary does the consumer financial?.

kati45 [8]

The complete question is as follows:

What percentage of your gross salary does the consumer financial bureau suggest?

The proportion of gross income suggested by the Consumer Financial Bureau is not more than 15% or 10% of the earned income.

<h3>What is a gross salary?</h3>

Gross salary is the amount received by an employee before any deductions and income taxes. It is given by the employer of the company in its respective bank account.

According to the Consumer Financial Bureau, the proportion of not exceeding 10% of gross income should be reserved for affording the student loan payments, or not greater than 15% be reserved for monthly debts except rental and mortgage reimbursements.

Therefore, the type of payments will decide the proportion of gross income being allocated in accordance with the Consumer Financial Bureau.

Learn more about the gross salary in the related link:

brainly.com/question/5715627

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2 years ago