Market system is a profit-and-loss economy
Evaluate and explain the statements: “The market system is a profit-and-loss economy”
Expert
The quotation is accurate. To produce income in a market system are motivated by attempt producer decisions. Those products that enable a firm to earn at least a normal profit will be produced. If the manufactured goods is not be formed for a profit, in other words we can say, if losses are concerned in manufacture, capitalist firm will respond by seeking lower cost production methods and may stop the making of goods completely.
Elucidate the use of money as a medium of exchange in Market System?
Why is the problem of unemployment a part of the subject matter of economics?
What is the most important source of revenue and the major type of expenditure at the local level?
The model of _____ was demonstrated by _____ along with the quote, “The loss of a small finger would remain the average European by sleeping which night, ... but, given he never observed them, he will snore with the most profound security over the loss of millio
Economic efficiency for society needs which the: (i) opportunity costs of all goods be at their lowest possible values. (ii) maximum probable benefits are acquired for given costs. (iii) greatest possible net benefits are squeezed through available re
Explain how, if at all, each of the following affects the location of the production possibilities curve?
What divergences arise between equilibrium and an efficient output spillover benefits are present? How might government correct this divergence?
Elucidate an example of simultaneous changes in both supply and demand?
What is the difference between qualitative data and quantitative data, provide an example of each.
plz find the attachment and dont compromise on quality,, no similarity n need to be done according to requierment...
18,76,764
1931474 Asked
3,689
Active Tutors
1433295
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!