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What are the roles of households and firms in the market economy?
in a market economy, firms make the goods. Households buy the goods
What are the roles of household and firm in a market economy?
Consider an economy consisting of households and firms which interact in two markets i.e. the goods and services market in which firms sell and households buy; and the labor market in which households sell labor to business firms or other employees. Required: Illustrate the above economy on a diagram
What are the roles of households and firms in a market?
Consider an economy consisting of households and firms which interact in two markets i.e. the goods and services market in which firms sell and households buy; and the labor market in which households sell labor to business firms or other employees. Required: Illustrate the above economy on a diagram
What role did towns play in a free market economy in the English colonies?
they played many roles such as farming and household chores the slaves worked hard too
What are Roles of Capital Market Authority to the economy?
roles of capital markets
What are the roles of pension funds in the capital market?
Roles of Tanzania pension funds in economy
What are the roles of investment banks in the growth of an economy?
Through innovations of financial intruments and advisory to clients like corporate firms and goverment, which are main vehicles in growth of an economy, investment banks assist these clients to raise funds.
What are the pros and cons of traditional economy?
Cons Lack of modernization, hard to change economy's "style" Little innovation No competition within the economy Firms will have a hard time competition in the world market The quality of the good are detrimental Inefficient allocation of resources Lack of Freedom Lack of personal gain Generally, there is a lower standard of living when compared to a free market economy Pros A sense of community within the economy Income equality Potential to get thins done VERY quickly The roles of individuals are clearly defined Every member of the society knows exactly what to do Most don't have complaints about what to do
What are roles of the government in a mixed economy?
four key governmental roles in a mixed economy and how they would impact a business
What were the roles of men in ancient Mesopotamia?
They were the head of the household and they sometimes took on political roles.
What are the roles of the household sector?
To spend income and consume
What are some of factors that encourage firms to adopt their product for foreign market?
Firms are encouraged to adopt their products for foreign markets due to factors such as the potential for increased revenue and market diversification, which can reduce reliance on domestic sales. Additionally, access to new customer bases and the opportunity to leverage competitive advantages, like unique technologies or brand reputation, can drive international expansion. Market demand and favorable trade agreements can also play significant roles in prompting firms to enter foreign markets. Lastly, the desire to mitigate risks associated with economic fluctuations in their home country can motivate firms to seek growth opportunities abroad.
