A group of businesspeople open a factory in their hometown to produce car parts. The business owners decide which parts and how many to produce based on customer orders. Under which type of economic system does this business most likely exist?

Answers

Answer 1

Answer:

Market Economy

Explanation:

In the market economy, the production type and output will be determined by the power of supply and demand. The government has little to no influence within the economy. All the decisions about what the company should do will fall to the hands of the business owners.

Every economic system have their own positive and negative sides.

In a market economy, people has the freedom to do whatever career they wish to choose. They are also allowed to collect private properties and accumulate personal wealth. On the downside, unregulated market economy could lead to dangerous business practices and income disparity.


Related Questions

which type of government action is part of fiscal policy

Answers

Spending and taxation are the two levers available to the government for sitting fiscal policy.

Fiscal policy refers to the government's use of spending and taxation to influence the economy. Government spending, Taxation, Budget management and Deficit and debt management is part of fiscal policy.

There are several types of government actions that are part of fiscal policy:

1. Government spending: Fiscal policy involves the government's decision to spend money on various programs, projects, and services. For example, the government may invest in infrastructure development, education, healthcare, defense, or social welfare programs. By increasing or decreasing government spending, fiscal policy aims to stimulate or restrain economic growth.

2. Taxation: Fiscal policy also involves the government's ability to levy taxes on individuals, businesses, and other entities. The government can adjust tax rates or implement new taxes to generate revenue and influence economic activity. For instance, during periods of economic downturn, the government may reduce taxes to encourage consumer spending and business investment.

3. Budget management: Fiscal policy includes the government's management of its budget and fiscal resources. This involves setting budget priorities, controlling expenditures, and ensuring a balance between spending and revenue. The government uses budgetary decisions to allocate resources effectively and address economic challenges or goals.

4. Deficit and debt management: Fiscal policy also involves managing government deficits and debt. Deficits occur when government spending exceeds its revenue, leading to borrowing. Fiscal policy decisions include determining the appropriate level of deficit spending and managing the resulting government debt. This impacts the overall health and stability of the economy.

Learn more about Fiscal policy here:

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Answers

Answer:

?

Explanation:

im so confused with this

nice???

confused but good job

The movement to end slavery

Answers

Answer:

It's called the Abolitionist movement

Explanation:

The movement was originally started in 1830. At first, this movement did not gained a lot of public support. But Activists keep pushing the movement by doing two main things:

- highlighting the cruel actions that the slave owners often done to the slaves. Questioning the morality of the supporters of slavery by supporting that type of treatments to other human beings.

- By promoting the idea that United States no longer need to use slaves labors due to the technological advancement made durign the industrial revolution.

The movements started to gradually gained popularity in the Northern States, but not so much in southern states. This led to the civil war to abolish slavery that occurred in 1861.

please helppp

How was Chinese society changed by Confucian beliefs?

Society placed greater importance on independence, limiting filial piety.
Society placed more importance on laws, enforcing harsh punishments.
Society remained focused on maintaining order, limiting social mobility.
Society placed greater importance on individual advancement, furthering promotion.

Answers

Answer:

Society remained focused on maintaining order, limiting social mobility.

Explanation:

Confucianism teaching contains a set of virtues that are advocated for people in order to obtain a peaceful life. It also highlight the specific roles that should be followed by citizens and the government in order to obtain that peace.

Confucian belief advocated the citizens to cultivate themselves through education and character development. Only if they possess knowledge and discipline they can be useful to the society.

As for the government, the Confucian beliefs promote the perspective that the government received mandate from heavens to protect and take care of the citizen. It is also advocated that the government should pay attention to military  strength in order to protect the citizens from potential invasions.

Answer:

sorry im late but its C

Explanation:

1. The green plant pigment that traps sunlight energy for photosynthesis?
A. cell wall
B. chlorophyil
C. cytoplasm
D. chloroplast
helpppp!!​

Answers

Answer:

would it not be B

The answer would be B. chlorophyll

What did the Israelites do after they reached Canaan?

Answers

Answer:

the land promised to them millenia earlier when God told Abraham at Shechem that the land would belong to his descendants, they they begin the long, painful, and disappointing process of setting the land.

Explanation:

they distributed the land to the 12 tribes that conquered it. they lasted there 400 years until they had their first king which was Saul

how are Weak nuclear and Strong Nuclear different

Answers

Answer:

there is no difference

What is the difference between equity and equality in society? Give an example of each. State which you believe to be more desirable and why.

Answers

Equality is giving everyone the same amount of something. Equity is giving those who are in need more of something in order to help them be equal with others. For example, an equalist will give everyone the same amount of food regardless of their size. An equitist, on the other hand, will give food in accordance to one's size. In my opinion, both have their pros and cons.

Barbara is driving home from school when she passes a speed limit sign. She checks her speedometer and notices that she is driving faster than the posted limit. If Barbara is a responsible citizen, what will she do?

Drive even faster
Slow down to the appropriate speed
Hope her parents don't find out
Ignore the sign because her offense is minor

Answers

Answer:Its BExplanation:I got it right

If Barbara is a responsible citizen, she Slow down to the appropriate speed. Thus the correct option is B.

What are the rules of driving?

The rules of driving state that an individual who carries a driving license is permitted to drive a vehicle. During driving, the use of mobile phones, eating, and drinking alcohol is strictly prohibited in order to maintain proper focus.

In the given case, it is explained that Driving home from school, Barbara comes upon a sign indicating the posted speed limit. When she looks at her speedometer, she realizes she is going faster than the posted speed limit.

Being a responsible citizen it is her duty to obey the laws and follow the guidelines given for driving. In the given case she driving fast so as per the rules she should slow down the speed of her vehicle.

Therefore, option B is appropriate.

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Which of the following issues is not a response to water crises in the Middle East?
A.
eliminating all restrictions on water use
B.
installing new water treatment plants
C.
creating policies to reduce overuse
D.
researching the use of desalination

Please select the best answer from the choices provided.

A
B
C
D
Please help me fast i am really failing! i need help!

Answers

It’s A

I hope this helped out, have a nice day :)

Answer:

A: eliminating all restrictions on water use.

Which is an example of hard power? political treaties foreign aid economic sanctions trade agreements

Answers

Answer:

I believe the answer is economic sanctions

Explanation:

I took the same test and I got it right

Economic Sanctions is an example of Hard power.

What is Hard power?

Hard power refer to a situation where a country employ the use of military power and is means to affect or take over the behavior and interests of authorities within a geopolitical zone. Hard power is the opposite of soft power. Soft power involved culture, history and son on.

Hard power is to counter attack external force causing the strategic insurgencies.

Therefore, Economic sanctions is an example of hard power because it refer to financial penalties issued by a country or more against a targeted group.

Learn more on Hard power from the link below.

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Why do you think that colonist were so upset about the taxes?​

Answers

Answer:

Explanation:

The King and Parliament believed they had the right to tax the colonies. ... Many colonists felt that they should not pay these taxes, because they were passed in England by Parliament, not by their own colonial governments. They protested, saying that these taxes violated their rights as British citizens.

Answer:

The king and parliament believed they had the the right to tax the colonies . ... Many colonists felt that they should not pay these taxes,  because they were passed in England by Parliament, not by their own colonial governments. They protested, saying that these taxes violated their rights as British citizens.

Explanation:

What is the importance of judiciary?​

Answers

Answer:

The Judiciary is the third organ of the government. It has the responsibility to apply the laws to specific cases and settle all disputes. The real 'meaning of law' is what the judges decide during the course of giving their judgements in various cases.

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hope it helps you...

Answer:

helps in maintaining law and oder

Explanation:

also protects people against executive organs

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