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Why is it difficult for private industry to provide public goods?
Private industries mainly work for profit purpose. If they provide public goods then it has to be priced at lower rates which will diminish their profit margins. Thus, it is difficult for private players to provide public goods.
Why are capital and labor needed to make goods?
"Labor is the ability of people to do work, you need Labor to make goods and provide services" "Capital is money and goods used to help people make or do things , you need a Capital to run business" Found by Discovering our past! A history of the world Early ages!
How the circular flow model works?
house holds work and spend firms - provide goods and employ also some spply other firms government - provide goods and services but transfer payments eg taxes and pensions Banks - take savings and lend for spendings - Interconnected economy - Money is Vital - Banks and government allow complex economy MO!!
What do people of a complex economy society work to produce?
Goods that they can consume themselves
What is a factor of production?
Factors of production refers to the inputs of the production process.Factors of productions are resources that produce goods and services.There are four categories of factors of production:Land: Natural Resources that we use to produce goods and services such as oil, gas and goal, water, etc.Labor: the work time and work effort that people devote to producing goods and services. This includes human capitalwhich is the quality of the labor forming from knowledge and skills of the person obtained from education, on-the-job training and work experience.Capital: the tools, instruments, machine, buildings and other items that are used to produce goods and services. This includes machinery, hammers, etc.Entrepreneurship: the human resource that organizes labor land and capital. This includes the idea, plan, etc about how and what to produce.
A person who agrees to work for no pay?
A person who agrees to work but does not earn any money is called a volunteer.
What is an indentured?
An indentured servant is a person who agrees to work for another person without pay for a certain length of time.!!
Why is it difficult for private industry to provide public goods?
Private industries mainly work for profit purpose. If they provide public goods then it has to be priced at lower rates which will diminish their profit margins. Thus, it is difficult for private players to provide public goods.
Can a person cancel a contrat after signer al the paper work for purchese a new car?
Only if the selling dealer agrees.
What is a person who agrees to work without pay for a certain period of time in return for the payment of travel expenses?
Indentured servant
How do you define a trucker?
A trucker is a person whose work is transporting goods by truck.
What does subjective mean in art?
Subjective means there is no one "best" that every single person agrees on. It also means that not everyone agrees if any work of art is good or bad. It's the opposite of objective. All art is consider subjective, because humans have differences of opinions.
What describes Adam Smith's idea about the role of merchants?
Work hard, buy local goods, provide jobs.
What best describe Adam Smith's about the role of merchants?
Work hard, buy local goods, provide jobs.
What best describes Adam smith ideas about the role of merchants?
Work hard, buy local goods, provide jobs.
What is the name of the person who agrees to work for someone for a certain amount of time in exchange for the cost of a ocean voyage to north America?
a person who agree to work foe someone for a certain amount of time in exchange for the cost voyage to North America
A person who agrees to undertake work without being under the direct control or direction of another and is personally responsible for his or her negligent acts?
This is a statement and not a question . Please rewrite.
