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What else can I help you with?
Who determines what goods are produced in a market economy?
The Market(consumers... through their decisions) does it.
Describe 3 reasons to profile a market?
When a business moves into a new market it helps to profile the market. First, the business is able to evaluate competitors. Second, the business can learn the general information about the area, such as the economy and target groups. Third, this can help the business plan for the life styles for the market.
What is visibility study?
What is business?A business can be defined as an organization that provides goods and services to others who want or need them. When many people think of business careers, they often think of jobs in large wealthy corporations. Many business-related careers, however, exist in small businesses, non-profit organizations, government agencies, and educational settings. Furthermore, you don't need a degree in business to obtain many of these positions. In short, every sector of our economy needs people with strong overall skills that can be applied to business-type careers. What is business?A business can be defined as an organization that provides goods and services to others who want or need them. When many people think of business careers, they often think of jobs in large wealthy corporations. Many business-related careers, however, exist in small businesses, non-profit organizations, government agencies, and educational settings. Furthermore, you don't need a degree in business to obtain many of these positions. In short, every sector of our economy needs people with strong overall skills that can be applied to business-type careers.
In the circular flow of goods and services what does the resource market represent?
all the exchanges of goods and services in an economy
Why community interested in the success of the business?
The community is invested in the success of a business because it often provides jobs, stimulates the local economy, and contributes to social stability. Successful businesses can enhance community services, support local initiatives, and promote overall quality of life. Additionally, when a business thrives, it often leads to increased tax revenue that can be reinvested into community development and infrastructure. Ultimately, a strong business presence fosters a sense of pride and identity within the community.
In this type of economy the question of how many goods will be produced and supplies is not made by business?
In a socialist economy, the question of how many goods will be produced and supplied is not made by business. This decision is made by the government in this type of economy.
In this type of economy the question of how many goods will be produced and supplied is not made by businesses.?
Planned (command, centrally planned, or controlled) economy
The first question that needs to be answered when organizing an economy?
What is to be produced?
The difference between a command economy and a demand economy?
A command economy is a private business that the government does not support. It is purely driven by consumers. They decide on what is produced. A demand economy is a business where only the government decides what is produced. There is also something called a mixed economy and that is when the government supports private businesses and decides what is produced for them.
In this type of economy the question of how many goods will be produces and supplied is not made by businesses?
Planned (command, centrally planned, or controlled) economy
Which area of the US economy had the biggest boost after World War 1?
Companies that produced goods
What effect did new technologies and business growth have on the US economy?
They helped better the economy and produced more tools. For business, it kept all the factories in content
How are the economic questions of what to produce and how to produce decided in a market economy such as the US?
All three of the basic economic questions, in a market economy is answered by the market: What to produce: This is determined by what is demanded and what can be supplied (with the resources) in an economy. How to produce: This is determined by the resource available although theoretically, it should produce at the bottom point in the average cost curve. To whom to produce: Although not stated in the question, this is still a fundamental question in an economy. In a market economy, this question is answered by the demand and supply: The good is produced for all those who is willing and able to buy that good at a given price (determined by the demand and supply.)
What do you mean by digital economy?
it is an economy based on electronic goods and services which produced by the electronic business and traded through the electronic commerce and also in internet and web
A country moving from a command economy to a market economy will most likely do what?
Reduce government control of business----- Study island question
How does the economy affect business?
how does economy affects business
How the business affect the economy?
how does economy affects business
