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In a freemarket system producers are motivated to reduce costs and increase revenues because of which of the following?
Profit Motive
What group of players make all of the economic decisions in a freemarket system?
The US, Japan and Germany are all market economies. In a traditional economy. In market economies, economic decisions are made by individuals.
Why is the free-market system system brings effiency as well as freedom?
Producers are driven to lower costs due to the freedom of consumer choice provided by free-market system. To lower costs, producers have to eliminate wastes which brings about efficiency
What groups of players make all of the economic decision in a free-market system?
consumers and producers
An economic system where decisions are made by producers and consumers are what?
Free-Market system
In a freemarket system producers are motivated to reduce costs and increase revenues because of which of the following?
Profit Motive
In a freemarket system consumers let producers know what they want to buy and how much theyre willing to pay through what?
Their purchases.
What group of players make all of the economic decisions in a freemarket system?
The US, Japan and Germany are all market economies. In a traditional economy. In market economies, economic decisions are made by individuals.
What is freemarket system?
It means the the business is privately owned and operated. It is not owned or controlled by the goverment.
Why does the free market system required government regulations?
Producers are driven by the profit motive to work against competition.
Why is the free-market system system brings effiency as well as freedom?
Producers are driven to lower costs due to the freedom of consumer choice provided by free-market system. To lower costs, producers have to eliminate wastes which brings about efficiency
Why is the free market system system brings effiency as well as freedom?
Producers are driven to lower costs due to the freedom of consumer choice provided by free-market system. To lower costs, producers have to eliminate wastes which brings about efficiency
Is operating system interrupt driven?
Yes, an operating system is interrupt driven.
What groups of players make all of the economic decision in a free-market system?
consumers and producers
Discuss an example of type of system in which social and political factors might strongly influence the system requirement.?
type of system where social and political factors might strongly influence the system requirement
Discuss an example of type of system in which social and political factors might strongly influence the system requirement.?
type of system where social and political factors might strongly influence the system requirement
What are three possible interfaces an operating system provides to the user?
Command driven, Menu driven, and Icon driven
