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In which economic system are the production and distribution of goods owned by private individuals or corporations?
market
In what ways are the three economic systems alike what are the major differences?
The three economic systems are the command economy, the free-market economy, and the mixed economy; they are all the same because they refer to the production and circulation of goods and services. In the command economy all resources are owned by the government, in the free market economy all resources are owned privately, in the mixed economy resources are owned by both.
What economic measurement would most likely rise before falling when transitioning state-owned business to privately owned business?
When transitioning from state-owned to privately owned businesses, the most likely economic measurement to rise before falling is productivity. Initially, productivity may increase due to improved efficiency, motivation, and management practices in a privatized environment. However, over time, productivity could stabilize or decline if the new owners prioritize short-term profits over long-term investment or if market competition diminishes. Thus, the initial rise in productivity can be followed by fluctuations based on the business's strategic decisions.
In a capitalistic economy factories publicly owned?
"Capitalism is an economic system in which the means of production are owned by private persons, and operated for profit and where investments, distribution, income, production and pricing of goods and services are predominantly determined through the operation of a free market. . . " en.wikipedia.org/wiki/Capitalist_economy
Properties or economic resources owned by a business are called?
assets
Is defined as the measurement of all economic goods which are owned?
wealth or wealth
What statement does not accurately describe personal wealth?
economic goods which are owned personally
In which economic system are the production and distribution of goods owned by private individuals or corporations?
market
In what ways are the three economic systems alike what are the major differences?
The three economic systems are the command economy, the free-market economy, and the mixed economy; they are all the same because they refer to the production and circulation of goods and services. In the command economy all resources are owned by the government, in the free market economy all resources are owned privately, in the mixed economy resources are owned by both.
What was the basis of wealth of the northern states?
Capital (stocks, goods, and assets) ~Apex~
What is Mercatalism?
An economic theory/philosophy in which the economic success of a sovereign nation depends upon the increase of its capital (total goods owned). Key Points of Mercantilism * More exports than imports * Protectionism * High tariffs (trade taxes)
Is broken goods an expense or liability please explain it to me in detail thanks?
Libability is defined as the state of being responsible for something. An expense is the cost required for something. Whether or not broken goods are a liability or expense depends on the detail surrounding how the goods were broken. The goods would be an expense for the store who owned the goods unless they insisted the patron pay for the item. They would be a liability if the broken goods cause harm to someone.
How does socialism work?
Socialism is an economic theory in which he means of production, distribution, and exchange are owned by an entire community rather than an individual. This system distributes goods and money throughout the community.
What do capitalistic?
Capitalism is the economic system mostly owned by private corporations and operated for profit. This is in contrast to communism, where the economic system is mostly owned by the state.
In a capitalistic economy factories publicly owned?
"Capitalism is an economic system in which the means of production are owned by private persons, and operated for profit and where investments, distribution, income, production and pricing of goods and services are predominantly determined through the operation of a free market. . . " en.wikipedia.org/wiki/Capitalist_economy
Converse is a brand owned by which sports goods manufacturer?
nike
What was wealth based on in the northerners?
The money and goods a person owned.
