Answer:
There are four types of economies: traditional, command, market, and mixed (a combination of a market economy and a planned economy). A market economy, also known as a free market or free enterprise economy, is a system in which economic decisions, such as the prices of goods and services, are determined by supply and demand. Command economies, on the other hand, utilize central planning by a central authority to make all economic decisions.
A market economy is an economy in which supply and demand drive economic decisions, such as the production of goods and services, investments, pricing, and distribution.
A market economy promotes free competition among market participants.
Notable benefits of a market economy are increased efficiency, production, and innovation.
The assumption behind a market economy is that supply and demand are the best determinants for an economy's growth and health. These market forces influence what goods should be produced, how many goods should be produced, and at what price the goods should be sold. These factors determine other economic decisions, such as how many individuals companies should employ. The advantages of a market economy include increased efficiency, productivity, and innovation.
In a truly free market, all resources are owned by individuals, and the decisions about how to allocate such resources are made by those individuals rather than governing bodies. This economic theory, known as laissez-faire, believes that governments should have no hand in business and if they do, it most often leads to market inefficiencies. Because governments always have some involvement, there are no recognized economies that are 100% free.
Advantages of a Market Economy
Business Efficiency
Unlike other types of economies, a market economy increases the efficiency of businesses. The government is limited in how it regulates transactions within a market economy and most rules it enacts are to protect consumers, the environment, market participants, and national security.
The limited role of governments promotes increased efficiency and free and increased competition. With the existence of competition, a business tends to do whatever is necessary to lower its costs and achieve a higher number of sales to increase profits.
Because businesses compete with one another, they must determine ways in which to have a competitive advantage so that they can capture a larger market share for their product or service. This leads them to figure out how to reduce costs, improve their product, and so on in order to capture that extra market share.
Answer:
A free market is one where voluntary exchange and the laws of supply and demand provide the sole basis for the economic system, without government intervention. A key feature of free markets is the absence of coerced (forced) transactions or conditions on transactions.
A mixed economic system is a system that combines aspects of both capitalism and socialism. A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims.
A planned economy is a type of economic system where the distribution of goods and services or the investment, production and the allocation of capital goods takes place according to economic plans that are either economy-wide or limited to a category of goods and services.
PLEASE HELP IM ON A TIME LIMIT!!!!
Dylan just finished business school and is looking for his first job. He is interviewed by a manufacturing company. If he gets this job, Dylan can expect that he will be offered a high salary and a high position.
A.
True
B.
False
Answer:
B. False
Explanation:
He finished business school but is going into the manufacturing industry. It doesnt state that he went into a place where his business degree would be applicable in any way, therefore it is false.
Jose has a large project to finish for his advertising campaign. During the beginning stage of work on this project, he asks his coworkers to compile lists of ideas and create some artwork. This is an example of:
A.
delegating.
B.
grandstanding.
C.
irresponsibility.
D.
micromanaging.
Jose has a large project to finish for his advertising campaign. During the beginning stage of work on this project, he asks his coworkers to compile lists of ideas and create some artwork. This is an example of micromanaging. The correct option is D.
What is the opposite of micromanagement?Micromanagement is a more independent style of organizational management in contrast to micromanagement, which involves managers closely monitoring and controlling the work of their employees. In order to achieve the desired outcome, managers take a step back and allow staff members the freedom to carry out their duties however they see fit.
When managers feel the need to control an employee's work and decision-making to a greater extent than is necessary or healthy for a typical working relationship, this is known as micromanagement. At one point or another in their careers, many people have dealt with micromanagement.
Thus, the ideal selection is option D.
Learn more about Micromanagement here:
https://brainly.com/question/1272515
#SPJ2
Too many sentence fragments in your writing might:
1make readers wonder what's happening
2make your readers think that you can't write well
3confuse your reader with too many incomplete thoughts
4any of the above
Answer:
4 all of the above? or any of the above
Explanation: because it makes sence that its that cuz all of these answers would make a bad book and that writer would be called a bad writer
this is something that im making in computers, it's a job and/or restaurant poster or something like that. tell me what u think of it so far pls
Answer:
Its good but u could use a chicken or turkey instead of the wolf if its for a restaurant and maybe come up with a slogan which fits like satisfying hunger aprt frm that it looks good
Explanation:
What is a traditional career?
A.
a job that holds a regular schedule from 9am to 5pm.
B.
a job where you are your own boss.
C.
a job where you work from home.
D.
a job where you split hours with someone else.
Answer:
A .a job that holds a regular schedule from 9am to 5 pm