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The private ownership of property resources and use of prices to direct and coordinate economic activity is characteristic of..........?
A market system.
What are the four levels of economic activity and give two examples of each level?
The four types of economic activity, and some examples of each, are listed below.1) Primary Activity - This is the extractive sector of an economy, such as mining or agriculture. It is in this activity that workers come into direct contact with the environment. It is often considered the most basic level of economic activity.2) Secondary Activity - This is the activity that involves the manufacture of raw materials into finished industrial products. A canning factory or lumber yard are examples.3) Tertiary Activity - This is service-based economic activity. This includes areas such as education, retail, finance, and government work.4) Quaternary Activity - This involves the collection and manipulation of information. This is the most recent form of economic activity, and it is based on the development of technology.
What is direct economic?
A direct economic value refers to a value that is assigned to harvested or exploited products. One type of direct economic value is consumptive use value.
What type of economic activity is extraction of petroleum?
The extraction of petroleum is classified as a primary economic activity. This sector involves the direct extraction of natural resources from the Earth, such as oil and gas, which are then processed and refined for various uses. Primary activities are fundamental to the economy as they provide raw materials for secondary industries, including energy production and manufacturing.
What is centralized planning?
Centralized planning refers to when the guidance of the economy by direct government control over a large portion of economic activity. This would contrast with allowing the market to do the same thing.
The private ownership of property resources and use of prices to direct and coordinate economic activity is characteristic of?
a Market System
The private ownership of property resources and use of prices to direct and coordinate economic activity is characteristic of..........?
A market system.
What are the four levels of economic activity and give two examples of each level?
The four types of economic activity, and some examples of each, are listed below.1) Primary Activity - This is the extractive sector of an economy, such as mining or agriculture. It is in this activity that workers come into direct contact with the environment. It is often considered the most basic level of economic activity.2) Secondary Activity - This is the activity that involves the manufacture of raw materials into finished industrial products. A canning factory or lumber yard are examples.3) Tertiary Activity - This is service-based economic activity. This includes areas such as education, retail, finance, and government work.4) Quaternary Activity - This involves the collection and manipulation of information. This is the most recent form of economic activity, and it is based on the development of technology.
The transfer of energy in the form of invisible waves is conduction true or false?
False. The transfer of energy in the form of invisible waves is called radiation, not conduction. Conduction is the transfer of heat through direct contact between substances.
Can sperm travel through clothing during sexual activity?
Yes, sperm can travel through clothing during sexual activity, but the chances of pregnancy are lower compared to direct skin-to-skin contact.
What is direct economic?
A direct economic value refers to a value that is assigned to harvested or exploited products. One type of direct economic value is consumptive use value.
What is the burden of taxation called?
The burden of taxation is often referred to as the "economic burden" or "tax burden." It represents the cost imposed on individuals and businesses due to taxes, which can affect their disposable income, spending, and investment decisions. This burden can be direct, through payments made, or indirect, through reduced economic activity resulting from taxation. Ultimately, it reflects the overall impact of taxes on the economy and individual financial well-being.
What type of economic activity is extraction of petroleum?
The extraction of petroleum is classified as a primary economic activity. This sector involves the direct extraction of natural resources from the Earth, such as oil and gas, which are then processed and refined for various uses. Primary activities are fundamental to the economy as they provide raw materials for secondary industries, including energy production and manufacturing.
What is centralized planning?
Centralized planning refers to when the guidance of the economy by direct government control over a large portion of economic activity. This would contrast with allowing the market to do the same thing.
What the different between direct and indirect economic value of biodiversity?
The direct value of biodiversity means the direct economic value of the products and species that are sold. Indirect economic values include intrinsic, or emotional value of the species.
What is the difference between indirect and direct economic value of biodiversity?
The direct value of biodiversity means the direct economic value of the products and species that are sold. Indirect economic values include intrinsic, or emotional value of the species.
Activity-based costing is a means of more accurately accounting for direct labor cost?
False. Activity-based costing is used to allocate indirect cost into direct costs.Regardng direct cost, traditional costing is as appropriate as activity-based costing.
