Answer:
Explanation:
The price system and I assume you mean the free price system, is very important in an economy. There are advantages and disadvantages to it.
In a free price system, the forces of supply and demand determine prices. The most efficient use of resources is when supply matches demand. Supply and demand are equal when the market determines the price at which a number of goods supplied equals a number of goods demanded. The price system also allows us to buy many products. Manufacturers are willing to make products when they can make money. When supply equals demand, businesses are maximizing the profit potential at the given price level.
One disadvantage of the price system is that for certain products, the costs of setting up the industry are so high, there is only one seller of the product. In cases like these, such as with the electric and the natural gas companies, or with the water companies, without government regulation, prices could be very expensive since they are the only provider of the product. In these cases, the government needs to regulate these industries because the price system would lead to very high prices for water, electricity, and natural gas. Since the setup costs for these industries are so high, there is no competition for these companies. This could cause consumers to make some very difficult choices if the prices are regulated by the government.
The answer is: because every day there is more opportunities opening up
You will never know where a company will post a job opportunities that provide better conditions or salaries compared to the job that you currently had. Because of this, you need to keep expanding your networks and setting up routine job search schedule.
Answer: The free- rider problem
Explanation:
The free-rider problem is one off the type of economical issue that cause the market failure problem due to the unsystematic distributing of the various types of goods resources and also the services.
This type of problem is basically occur due to the overuse or degradation of the products and the resources.
According to the given question, the free rider problem is one of the example that best illustrating the given scenario. The main cause of the free rider problem is due to the unequal use of the resources and also the public goods without paying for their particular share.
Therefore, The free-rider problem is the correct answer.
Answer:
$0
Explanation:
Finerly should recognize $0 of revenue upon delivery to distributors. Because of the uncertainty of the returns due to the fact that Finerly does not know if it will have to accept the cosmetics back from the distributors if the cosmetics are not sold, Finerly cannot or should not recognize revenue until it either can estimate in a better way its returns or when the sales actually occur.
The correct answer is letter "E": find the idea for his business.
Explanation:
There are no set of steps or books that could determine when entrepreneurs could start a business or not. Most ventures are engaged by recognizing an opportunity and matching it with strengths individuals have that could make the plan work. Proper assessment and partnership are vital in this stage for the venture not to be affected by the initial challenges of entering into a market.
If Arnold has found he has an entrepreneurial spirit, then, he should spot different opportunities in the market for him to take one and develop a business idea.
