Illustrate Freedom of enterprise and choice exist
Illustrate Freedom of enterprise and choice exist?
Expert
1. Freedom of enterprise means that entrepreneurs and businesses have the freedom to obtain and use possessions to create products of their own choice, and to sell these products in the markets of their choice.
2. Freedom of choice means:
a. Owners of property and money resources can use resources as they choose.
b. Workers can choose the occupations, guidance as well as job of their choice.
c. Consumers are free to spend their income in such a way as to best satisfy their wants (consumer sovereignty).
Explain the statement: “The other things equal assumption helps isolate key economic relationships.”?
Describe how the demand for a good is influenced by the price of its associated goods. Give illustrations.
Why are democratic regimes more conducive to economic growth than dictatorship
XY School District has a large number of students in need of remedial instruction. The superintendent of XY School System can allocated her budget between purchasing X units of remedial instruction at a price of $2,000/unit and spending an amount ($Y) on all other sch
The utilitarianism of Jeremy Bentham would clash most strongly along with the philosophic principles of: (w) the epicureans who followed the teachings of Epicurus [c. 341 to 271 BC]. (x) hedonism. (y) the Greek philosophers and mediev
Elucidate “Ticket Scalping: A Bum Rap”?
Which of the given is the best illustration of a perfectly competitive industry: w) wheat production. x) steel production. y) electricity production. z) airplane production. Hey friends please give your opinion for
Conception of the “Invisible Hand” by Adam Smith relies on mechanisms like those as underpin: (1) William Stanley Jevons’ “sunspot” theory of business cycles. (2) the biological concept of Homeostasis. (3
Describe the term: “Only to be part with it we want money”?
Briefly describe the term Cost of debt?
18,76,764
1950333 Asked
3,689
Active Tutors
1416300
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!