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ahrayia [7]
3 years ago
9

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

Business
1 answer:
Vitek1552 [10]3 years ago
3 0

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.

I hope this helped! :)

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A ___ is used in scotch production to account for the heads for the purpose of calculating duty.
Nimfa-mama [501]

A still rectifier spirit is used in scotch production to account for the heads for the purpose of calculating duty.

<h3>what is still rectifier spirit ?</h3>

Rectified spirit, also known as neutral spirits, rectified alcohol, or ethyl spirits of agricultural origin, is highly concentrated ethanol that has been purified using repeated distillation in a procedure named rectification.

To more learn about, rectifier spirit, refer to:

brainly.com/question/18122232

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7 0
1 year ago
What are the two facets of a mode of production according to E.K. Hunt? Define them.
pentagon [3]

Answer:

They are forces of production and social relations of production.

Explanation:

In Marxism and historical materialism the forces of production are a central idea. In the own critique of political economy by Karl Marx and Frederick Engels, it refers to the combination of the means of labor with human labor power.

forces of production is a term used in political economy that refers to the physical means and production techniques to which laborers add value and transform capital into saleable products.

By " relations of production," Marx and Engels meant the total sum of social relationships that people have to enter to survive, produce, and reproduce their means of living...relations can be social ties, economic relationships, or technological relationships.

3 0
3 years ago
How do flexible expenses differ from fixed expenses?
Leokris [45]
Fixed expenses are expenses incurred within a given period of time e.g a month and remain constant and are not easily changed. They include monthly bills and expenses such as health insurance and life insurance. On the other hand, flexible expenses also called variable expenses include daily spending such as spending on food tea, which differ and change time to time .<span />
3 0
3 years ago
Conductors are assigned a ? ampacity that reflects the insulation's ability to handle and dissipate heat under ? conditions.
givi [52]

Answer:

Specific; Varying

Explanation:

Conductors are assigned a <u>specific</u> ampacity that reflects the insulations ability to handle and dissipate heat under <u>varying</u> conditions. As the ampacity concerning a conductor is based on those physical as well as electrical properties of the element as well as the formulation of the conductor including its ambient temperature, insulation, and environmental conditions proximate toward the conductor as well.

6 0
3 years ago
This graph shows the marginal cost of producing each
Margarita [4]

Answer:

D) Bike 4

Explanation:

Marginal cost is the additional expense associated with the production of an extra unit. Calculating marginal costs will involve isolating the expense of the last unit from the previous productions.

The graph has already isolated the cost of the extra unit from the previous output.

From the graph, Bike 4 has a marginal cost of 4.

6 0
3 years ago
Read 2 more answers
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