When there is no government involvement in answering the three basic economic questions this is Market Economy.
Market
<u>Explanation:</u>
When there is no government interventions in the market system or economy then it is known as Market Economy or Lassez faire.
Here the firms and household determine who sells the goods and who buys it and everything is carried out according to them and there is no government intervention like that of the command economy.
There is a lot of profit for the businessman as the consumers pay as high the price as they want to and no amount is given to the government.
I don't believe that is true
Answer:
C. maintain position and after the market growth slows use the business to provide cash flow
Explanation:
Stars in the BCG Growth Share Matrix refer to the goods that have a big market share and bring more revenue to the company but they also require to invest a lot of money. Because of that, companies try to keep their place as long as possible but when the market slows down, they take the cash flow from the product to increase their profits. According to that, the answer is that in the BCG Growth Share Matrix, the suggested strategy for Stars is to maintain position and after the market growth slows use the business to provide cash flow.
The other options are not right because milk them to finance other businesses and not invest in them and to shift cash flow to other businesses is not a suggested strategy for starts because they can provide a lot of money. Also, invest large sums to gain a good market share is not right as stars are not always able to generate a positive cash flow and you can end up losing a big amount of money.
Answer:
Yes their combined contribution of $120 is sufficient to pay the security guard
Explanation:
This is a form of non-rival service that does not get reduced by consumption by one of the parties. The security guard protects the entire neighbourhood.
Also it is a non-excludable service. If one party does not pay he will still enjoy the service.
Based on their income information and the fact that they are taxed 1%
Jack will pay 0.01 * 4,000 = $40
Jill will pay 0.01 * 8,000 = $80
The total sum is 40 + 80 = $120
As the security guard requires $120 to do the job, their contribution is sufficient.
However the value to Jack is $50 and he pays $40 so he has an excess value of $10
Jill gets a value of $90 but pays $80, so she gets an excess value of $10
Answer: b. supervisors exert a great deal of economic and political power.
Explanation:
In this type of organizational culture, little space is left for the creativity of employees to be exercised, where they usually work without going beyond their means. Example: A company where all the decisions up to the smallest ones must be taken by the bosses
