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No
What else can I help you with?
Why is the market system a profit-and-loss system?
because producer decisions are motivated by the attempt to earn profits
Which of the following is another term for a free-market system?
CapitalismcapitalismAnother name for free market system would be called second market. This is a non- profit market.
System to prepare self balancing form of ledger?
profit and loss
Why in a free market system producers are motivated to reduce costs and increase revenues?
The Profit Motive
Do most businesses make a large profit under the free market system?
Yes, most businesses do make a large profit on the free market. The free market is not susceptible to the laws of trade
What prompts efficient resource allocation in a well functioned market system?
business operating for a profit
How do I calculate simple profit and loss?
Profit or loss = income - expenses. A positive number is profit, a negative number is loss.
Do provisions for loan loss go in the balance sheet or profit and loss?
Profit and Loss.
How do I Find the incremental profit or loss?
The incremental profit or loss is the change in profit or loss over the designated time period. After calculating the profit or loss, for example on a monthly basis, the delta between that and the average monthly profit or loss from the prior year can be determined.
What is given to a system of trade in which individuals can operate from profit from business?
free market economy
Why is profit motive considered an incentive in a market system?
Minimize costs and maximize revenues.
Why is the profit motive is considered an incentive in a market system?
Minimize costs and maximize revenues.
