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Why would the us economy falter if there was no opportunity to make a profit?
Wiki User
∙ 11y ago
it would not be in operation
Elroy Murazik
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Which kind of economy would you have the most opportunity to try to achieve success if you are an entrepreneur?
Market Economy
Write not more than 3 lines explaining the different between the economic profit and accounting profit?
Accounting profits tend to be higher than economic profits as they omit certain implicit costs, such as opportunity costs.For example, if you invest $100,000 to start a business and earned $120,000 in profit, your accounting profit would be $20,000. Economic profit would add implicit costs, such as the opportunity cost of $50,000 should you have been employed instead during that period. As such, you would have an economic loss of $30,000 ($120,000 - $100,000 - $50,000).
Is running a taxi business a good idea in this economy?
No, running a new taxi business is not a good idea in this economy. There is too much competition out there, and it would cost too much money to start up, then what you would profit.
You are an entrepreneur with an innovative idea for a new business. In which kind of economy would you have the most opportunity to try to achieve success?
Most workers lack job security.
What was the foundation of the seemingly robust economy of the 1920s?
After World War I, the American economy boomed for a decade. Part of it was profit from the war, but it was largely based on people purchasing products on credit and owing a great deal of debt. This caused the economy to seem successful, although it would inevitably crash.
How did Gorbachev hope to a structure the soviet economy through perestroika?
some private ownership and opportunity for individual profit would be allowed
How did Gorbachev hope to restructure the Soviet economy through perestroika?
As a part of perestroika, he started introducing market economy principles to the Soviet Union. gorbachev mainly reduced the amount of centralized (government) control over workers and started giving workers freedom to make their own business decisions. He hoped that this would increase the willingness of the workers to work harder which would bring up the economy and restructure it into a market economy. Some private ownership and opportunity for individual profit would be allowed.
Which kind of economy would you have the most opportunity to try to achieve success if you are an entrepreneur?
Market Economy
Falter is to hesitate as conceal is to?
Falter is to hesitate as conceal is to disguise or hide, because falter is a synonym of hesitate and disguise or hide would be synonyms of conceal.
What would the opportunity cost on making 15 million pairs of shoes against growing 21 million tons of watermelons?
Leaving aside externalities and so on, the opportunity cost would be the profit on 21 million tons of watermelons less the profit on 15 million pairs of shoes.
Write not more than 3 lines explaining the different between the economic profit and accounting profit?
Accounting profits tend to be higher than economic profits as they omit certain implicit costs, such as opportunity costs.For example, if you invest $100,000 to start a business and earned $120,000 in profit, your accounting profit would be $20,000. Economic profit would add implicit costs, such as the opportunity cost of $50,000 should you have been employed instead during that period. As such, you would have an economic loss of $30,000 ($120,000 - $100,000 - $50,000).
What is the Difference entrepreneurial profit and accounting profit?
Accounting profit is simply the bottom line of a business income statement and is an absolute number, whereas an entrepreneurial profit uses the economic concept of opportunity cost. It is the profit that the entrepreneur would have earned if he or she had invested both time and money in some other enterprise.
Is it better to get a masters in public administration with a non profit emphasis or just get a certificate in non profit management?
If you do not have a master's degree, the master's would be something to consider. The higher the degree, the more doors of opportunity will be open to you.
Is running a taxi business a good idea in this economy?
No, running a new taxi business is not a good idea in this economy. There is too much competition out there, and it would cost too much money to start up, then what you would profit.
What are Bad effect of privatization on Indian economy?
The bad effects of the privatisation of Indian economy are as follows : 1. the company would run out of governments hand. 2. reduction in the control. 3.the objective of the company would divert from social obligation to profit motive.
If marijuana became legal and regulated how much money would be lost to king pins talaban and other illegal profit oginizations?
$15, This is a difficult question but the underground economy is roughly 10% of the countries entire economy.
You are an entrepreneur with an innovative idea for a new business. In which kind of economy would you have the most opportunity to try to achieve success?
Most workers lack job security.
