Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. economics
  3. a business system in which individuals decide what

A business system in which individuals decide what to produce, how to produce it, and what...

50.1K

Verified Solution

Question

Economics

A business system in which individuals decide what to produce, how to produce it, and what price to sell it is called

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Match the parameters of column l with column Il as they are directly proportional Column...

Physics
Q

Create a portfolio using the four stocks and information below: Expected Return Standard Deviation Weight in Portfolio Stock A 21.00% 21.00% 15.00% Stock B 5.00% 17.00% 28.00% Stock...

Finance
Q

Bright Lighting Ltd is considering a new range of product based on a specific type of...

Finance
Q

Hartman, Inc. has prepared the following comparative balance sheets for 2017 and 2018:                                                                                                           2018                      2017                Cash                                                                                    $   282,000             $  153,000          Accounts receivable                                                                 139,000                 117,000          Inventory                                                                                   150,000                 180,000          Prepaid expenses                                                                      18,000                   27,000          Plant assets                                                                           1,295,000              1,050,000          Accumulated depreciation                                                       (450,000)              (375,000)          Patent                                                                                       153,000                 174,000                                                                                                       $1,587,000            $1,326,000          Accounts payable                                                                $   153,000            $   168,000          Accrued liabilities                                                                       60,000                   42,000          Mortgage payable                                                                          —                     450,000          Preferred stock                                                                         525,000                      —          Additional paid-in capital—preferred                                       120,000                      —          Common stock                                                                         600,000                 600,000          Retained earnings                                                                    129,000                   66,000                                                                                                       $1,587,000            $1,326,000 1.   The Accumulated Depreciation account has...

Accounting
Q

Which of the following identities from the list below is an odd even identity Select...

Geometry
Q

3 Two ships are sailing from Halifax The Nina is sailing due east and the...

Calculus
Q

Use an associative property to evaluate the expression 49 4 17 7 7 7 49...

Algebra
Q

Maple Mount Fishery is a canning company in Astoria. The company uses a normal costing...

Accounting
Q

Assess the current and potential effects that this pandemic has had and will have on...

Accounting
Q

The Baybrook Company issued $5 million of 8% bonds on January 1, 2020. The bonds...

Accounting
Q

Provide a summary of each Nike and Under Armour investments in securities, including the companys...

Accounting
Q

the boxes in green please Data Window Help Risk Cha! Excel File Edit...

Finance