Entrepreneurs and business are at the helm of the economy
Explain the statements: Entrepreneurs and business are at the helm of the economy.
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Entrepreneurs and business are at the helm of the economy, but their commanders are consumers. Although producers are free to choose what products they will produce, if the producers are to maximize profits, these good and services must be consumer’s desire.
Explain the following from Hull, England a news dispatch: “The fish market here slumped today to what local commentators called a ‘disastrous level’—all because of a shortage of potatoes”.
Concept of Adam Smith that the market system automatically adjusts as when guided through an “invisible hand” most intimately resembles: (1) flows of electricity across the microcircuits within computer chips. (2) homeosta
“The legal form an enterprise assumes is dictated primarily by the financial requirements of its particular line of production.” Do you agree?
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 : Favor laissez- faire economic policies Favor laissez- faire economic policies tended by Adam Smith, who also: (w) saw the requirement for several state intervention. (x) believed there were no conditions in which the government must intervene. (y) supported most government
Favor laissez- faire economic policies tended by Adam Smith, who also: (w) saw the requirement for several state intervention. (x) believed there were no conditions in which the government must intervene. (y) supported most government
Elucidate various national currencies of foreign exchange market?
Mutually beneficial exchange is probable whenever relative production costs vary previous to trade, is a manner to state the law of: (1) Positive profits from trade. (2) Comparative benefit. (3) Specialization and Division. (4) Purchasing power parity
Explain Unemployment, Growth, and the Future?
How can we evaluate cost of capital?
Briefly describe the term Cost of debt?
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