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What is the part of the economy where labor and resources are sold?
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Why would a country with many natural resources have the potential for a strong economy?
Natural resources can be harvested, refined and sold abroad, bringing good money into the country.
What Is Counterfeit Economy?
Counterfeit Economy is basically describing counterfeit items being sold and purchased.
Traditional economy in a sentence?
the traditional economy gain more money because of the products they sold
How does a command economy differ from a market economy?
In a command economy the government decides how resources are used and what goods and service are produced. In a market individuals make the decisions about how resources are used and what gods and services to provide.
Where are productive resources bought and sold?
Factor Market
What could happen to a person found guilty of crime in the south after the thirteenth amendment become law?
Their labor could be sold to a business owner
What was true about many Chinese workers in Hawaii?
Their labor was sold by their government.
What was true of many Chinese workers in Hawaii?
Their labor was sold by their government.
Do you have to claim contract labor wages on an income tax form?
Yes. Schedule C is Profit or Loss from Business. Contract labor wages are reported on Schedule C (or Schedule C-EZ) as income by the recipient and deducted as expenses by the payer. The payer deducts contract labor as a business expense in Part II Expenses and/or Part III Cost of Goods Sold. The recipient reports contract labor wages as income in Part I Income.
Why would a country with many natural resources have the potential for a strong economy?
Natural resources can be harvested, refined and sold abroad, bringing good money into the country.
What does labor costs mean?
Labor cost means the direct labor cost incurred by business to manufacture units of products to be sold.
What Is Counterfeit Economy?
Counterfeit Economy is basically describing counterfeit items being sold and purchased.
Traditional economy in a sentence?
the traditional economy gain more money because of the products they sold
What motivates a economy mixed?
Money and the poducts that are sold.
How does a command economy differ from a market economy?
In a command economy the government decides how resources are used and what goods and service are produced. In a market individuals make the decisions about how resources are used and what gods and services to provide.
Who introduced the market economy to Africa?
The Colonial Governments introduced the market economy. In which goods were bought and sold.
What is the important of command economy?
Command economy is when the government determines what will be sold, how much will be made, and the price the item will be sold for. Although this may limit the growth of the country it does provide stability.
