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).
What is the opportunity cost of attending college? In 2000, nearly 80% of college-educated Americans held jobs, whereas only about 40% of those who did not finish high school held jobs. How might this difference relate to opportunity costs?
Illustrate the advantage and disadvantage of Corporations?
As per to the laissez-faire philosophy of government,: (1) economy works best while all investment decisions are centralized. (2) market system works best along with only minimal government intervention. (3) government must be restricted to stabilizin
Question: Conduct an analysis on the following topic and prepare an Executive Summary-style report with supporting exhibits (Insightful Graphs, tables etc. from quality expert analyst references used to write the r
Managerial Economics Meaning and definition Managerial economics general refer to the integration of economy th
Assume that melons sell for $5 in Brazil when moose pelts sell for $10, still into Canada melons sell for $10 as well as moose pelts sell for $5. A person who buys moose pelts within Canada to sell into Brazil would be doing: (1) speculation. (2) the “invisible
Contrast how a market system and a command economy try to cope with economic scarcity?
Write down the internal factors which influencing the capital structure?
Why possession protection of property rights and private property promotes the market system?
Why entertainment tax comes in indirect tax? Answer: Since its burden can be shifted to others.
18,76,764
1944752 Asked
3,689
Active Tutors
1441000
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!