--%>

Elucidate Reliance on technology and capital goods

Elucidate Reliance on technology and capital goods of the market system?

E

Expert

Verified

1. Competition, freedom of choice, self-interest, and the potential of profits provide the incentive for capital accumulation (investment).

2. Advanced technology and capital goods uses the more efficient roundabout method of technology.

   Related Questions in Business Economics

  • Q : Describe North American Free Trade

    Describe North American Free Trade Agreement (NAFTA)?

  • Q : Fixed costs and Variable cost

    Questions: 1: Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

    Q : Explain the definition of Economics

    Explain the definition of Economics?

  • Q : Elucidate reallocation of resources

    Elucidate reallocation of resources?

  • Q : Circular flow model to confirm this

    Use the circular flow model to confirm this assertion for the construction of a new high school in Blackhawk county?

  • Q : What are the benefits and costs of

    What are the benefits and costs of Marginalism?

  • Q : Perfect competition and efficiency

    Which of the given describes a condition in which a good or service is produced at the lowest probable cost: w) productive efficiency. x) allocative efficiency. y) marginal efficiency. z) profit maximization Please

  • Q : Major type of expenditure at the state

    What is the most important source of revenue and the major type of expenditure at the state level?  

  • Q : What are the criteria of issuing stocks

    What are the criteria of issuing stocks or bonds?

  • Q : Cornerstone of typical economic theory

    The cornerstone of typical economic theory derived through the work of Jeremy Bentham was the perception of (i) the wages fund. (ii) natural checks on population. (iii) increasing cost. (iv) utility. (v) surplus value.

    Discover Q & A

    Leading Solution Library
    Avail More Than 1440026 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads
    No hassle, Instant Access
    Start Discovering

    18,76,764

    1951480
    Asked

    3,689

    Active Tutors

    1440026

    Questions
    Answered

    Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

    Submit Assignment

    ©TutorsGlobe All rights reserved 2022-2023.