The statement, ''The opportunity for an individual to start up and run a business of his or her choice.'', is the one that correctly provides for the description of a free enterprise system. Therefore, the option D holds true.
What is the significance of the system of free enterprise?A free enterprise can be referred to or considered as a system of setting up a business organization, which does not have any form of restrictions before the commencement of the business activities. There are no regulations from the government at least.
The system of free enterprise exists in a society where the government wants to promote the growth and development of its economy, and feels that it is inefficient to take the control of trade and business of the economy in its own hands.
Therefore, the option D holds true and states regarding the significance of a free enterprise.
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The Kids have been asked to decide whether India has more wealth than Peru. Mary says they should use the GDP while jann says they should use the GDPP. Who is right?
1. Mary
2. Jann
Neither, they should use the exports and imports
Answer: Mary
Explanation:
GDP simply means the gross domestic product and it is the value in terms of money based on the goods and services that a country produces.
With regards to the question, Mary is right as the GDP can be used to denote economic growth and also know how a particular economy is doing. Wealthy nations usually have a huge GDP.
Select all that apply.
Which of the following would be considered full-time work?
hours
33 hours
9 G 8C it
45 hours
51 hours
Zoowawa's nominal GDP rose by 6% between 2017 and 2018. If its inflation rate was 2.5%, by how much did its real GDP increase?
Answer:
3.5%.
Explanation:
Real GDP is understood to be that which arises from the difference between the economic growth (that is, of the GDP) of a country during a given period, and the inflation that occurred during that period. That is to say, inflation is subtracted from said economic growth.
Thus, since Zoowawa's nominal GDP grew by 6 percent, while inflation was 2.5 percent, the real GDP of that nation grew by 3.5 percent (6 - 2.5) during the mentioned period.
Tyreek pitches four investors. They agree to each invest $25,000 and value Tyreek's company at 200,000. How much of the company will Tyreek still own after the investment?
a) 41%
b) 45%
c) 50%
d) 56%
Answer:
50%
Explanation:
The percentage of the company which Tyreek will still own after the investment can be calculated as follows:
Value of Tyreek's company = $200,000
Total amount contributed by the four investors = $25,000 * 4 = $100,000
Let P represents the percentage of the company which Tyreek will still own after the investment.
Therefore, we have:
P = (Total amount contributed by the four investors / Value of Tyreek's company)
P = ($100,000 / $200,000)
P = 0.5 or 50%
Therefore, the percentage of the company which Tyreek will still own after the investment is c) 50%.
Learn more here: https://brainly.com/question/1974199.
Which of the following is a characteristic of a for-profit healthcare facility?
run by government
uses public funds
focuses on services everyone can afford
owned by private citizens
Answer:
D. owned by private citizens
Explanation:
A for-profit organization can be defined as a type of organization that is created to primarily generate more revenue than its operating costs by providing lawful services to customers. By generating more revenue than operating costs, a for-profit organization is able to make profit.
Some examples of for-profit organizations are privately owned establishments such as hospitals, hotels, restaurants, supermarkets, gas stations, etc.
Hence, a characteristic of a for-profit healthcare facility is that it is owned by private citizens.
Unlike government agencies or organizations which are being run with public funds and at a subsidized rate (focuses on services everyone can afford), for-profit are mostly owned by private citizens, who are always after making profits from the business.
Answer:
D
Explanation:
edge