____are the moral principles of right and wrong that govern a person’s or group’s behavior. _____describe how a company positively interacts with customers and employees. ____is an individual’s set of values and beliefs that hard work builds personal character.
Ethnic are the moral principles of right and wrong that govern a person’s or group’s behavior. Business ethnic describe how a company positively interacts with customers and employees. A work ethnic is an individual’s set of values and beliefs that hard work builds personal character.
In business, Ethnicity generally can be defined as a considered to be shared characteristics such as traditions, culture, language, and also religion, which contribute to a person or group's identity. Beside that, Work ethic in business generally can be defined as a belief that work and diligence have a moral benefit and an inherent ability, virtue or value to strengthen character and individual abilities.
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Answer:
Ethics are the moral principles of right and wrong that govern a person’s or group’s behavior.
Business ethics describe how a company positively interacts with customers and employees.
A work ethic is an individual’s set of values and beliefs that hard work builds personal character.
Explanation: I just did the assignment on edge 2023.
Because eels are highly endangered as a species, many governments enact laws prohibiting fishing along their migration route. initially, eel fishers complain about this restriction on the locations they can fish, but after a while they notice that the number of eels swimming outside regulated areas is much higher than it was before. with the laws in place, eel fishers end up catching a greater quantity of eels than they did prior to the enactment of the laws.
Which of the following principles of economic interaction best the describes the scenario?
The scenario best exemplifies the idea that government intervention can boost overall welfare when markets fail to function effectively.
Option D is correct.
The government introduces a new market restriction that improves efficiency in the distribution of goods by prohibiting fishing along eel migration routes.
This is because unregulated areas have a higher number of eels than regulated areas do because the regulations reduce the total number of eels fished. Fishers are able to catch a greater quantity of eels than they did prior to the enactment of the laws, which results in increased efficiency in the allocation of goods as a result of the increase in the number of eels in unregulated areas.
Question incomplete:
Because eels are highly endangered as a species, many governments enact laws prohibiting fishing along their migration route. Initially, eel fishers complain about this restriction on the locations they can fish, but after a while they notice that the number of eels swimming outside regulated areas Is much higher than it was before. With the laws in place, eel fishers end up catching a greater quantity of eels than they did prior to the enactment of the lows. Which of the following principles of economic interaction best describes this scenario? -
A. Markets allocate goods effectively. -
B. Markets usually lead to efficiency. -
C. There is a tradeoff between equality and efficiency. -
D. When markets do not achieve efficiency, government intervention can improve overall welfare.
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The table shows the terms of a fixed-rate mortgage. A 2-column table has 4 rows. The first column is labeled component with entries (p) principal, (r) monthly interest rate, (n) total number of monthly payments (30-year term), (m) monthly payment. The second column is labeled cost with entries 200,000 dollars, 0. 4 percent, 360, blank. Which accurately describes the terms of this mortgage? check all that apply.
The monthly mortgage payment M is determined by taking into consideration the total amount of mortgage, the time period for the mortgage, and the rate of interest charged over the entire principal amount.
How to calculate monthly mortgage payment?A mortgage is an agreement between you and a lender that enables you to borrow money to buy or refinance a home and provides the lender the right to repossess your property if you fail to pay back the borrowed funds. Loan principal, loan interest, taxes, and insurance often make up the four components of your monthly mortgage payment. You just need to keep track of one due date if you make a single payment that covers all four components.Considering the whole amount of the mortgage, the length of the mortgage, and the rate of interest applied to the entire principal amount, one can calculate the monthly mortgage payment M.The formula to be used for the calculation of the monthly mortgage payment is:
[tex]$M=P \frac{\left[R(1+R)^n\right]}{\left[(1+R)^n-1\right]}$[/tex],
Where,
P= Principal amount of [tex]$\$ 200,000$[/tex]
R= Rate of interest of [tex]$\mathbf{0 . 4} \%$[/tex]per month
n= number of mortgage payments that is[tex]$\mathbf{3 0}$[/tex]years
M= Monthly payments
In light of this, the chosen formula will be used to calculate the monthly mortgage payment, which will include both the principal and interest payments at a rate of 0.4% at the beginning or end of each month.
The complete question is,
The table shows the terms of a fixed-rate mortgage. A 2-column table has 4 rows. The first column is labeled Component with entries (P) Principal, (R) Monthly interest rate, (n) Total number of monthly payments (30-year term), (M) Monthly payment. The second column is labeled Cost with entries 200,000 dollars, 0. 4 percent, 350, 1059 dollars and 85 cents. Which formula should be used to correctly calculate the monthly mortgage payment? M = P StartFraction Left-bracket R (1 minus R) Superscript n Baseline Right-bracket Over (1 R) Superscript n Baseline EndFraction M = P StartFraction Left-bracket R (1 R) Superscript n Baseline Right-Bracket Over Left-bracket (1 R) Superscript n Baseline minus 1 Right-bracket EndFraction M = P StartFraction R Over left-bracket (1 R) Superscript n Baseline minus 1 Right-bracket EndFraction M = P StartFraction Left-bracket R (1 R) Superscript n Baseline Right-Bracket Over (N R) EndFraction.
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what was the benefit of the agricultural adjustment administration limiting
The Agricultural Adjustment Administration (AAA) was part of the New Deal that was enacted to help farmers during the Great Depression. The AAA sought to limit crop production in order to increase prices and raise income for farmers.
What do you know about Adjustment Administration (AAA) ?
Adjustment Administration (AAA) is a government program that provides relief to distressed communities by providing financial assistance for job creation and economic development. The program is funded through the U.S. Department of Commerce and is administered by the Economic Development Administration. The program provides targeted investments for communities suffering from economic distress to help them create jobs, attract businesses and investments, and expand economic opportunity. This was beneficial because it ensured that farmers were able to earn a living wage for their work, and prevented overproduction of crops that would have resulted in oversupply and low prices.
So, The AAA sought to limit crop production in order to increase prices and raise income for farmers.
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Andrew jut purchaed the lat glob beat action figure to complete hi collection. Each action figure cot 16. 25 in all Andrew collection cot 227. 50 how many action figure are in andrew collection
Andrew just purchased the last glob best action figures to complete his collection. Each action figure cost 16. 25 in all Andrew collections cost 227. 50. So, Andrew has 14 action figures in his collection.
What do you mean by action figures?
Action figures are miniature plastic or vinyl figurines of characters from movies, comic books, video games, television shows, and other popular media. They are typically poseable and often include accessories such as weapons and clothing. Action figures are typically marketed towards children, though adult collectors are also common. Action figures are usually articulated, meaning that the limbs can be moved, allowing for a variety of poses. Some action figures are highly detailed and feature realistic facial expressions and hair. Action figures can be used as collectibles, toys, or decorations.
So, The required answer is 14.
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Wolfpack Construction has the following account balances at the end of the year.
Accounts Balances Equipment $26,000
Accounts payable 3,000
Salaries expense 33,000
Common stock 11,000
Land 18,000
Notes payable 20,000
Service revenue 39,000
Cash 6,000
Retained earnings ?
A financial institution's account balance is the sum of money it has on hand during the current accounting period.
$16,000 in retained earnings
$50k total assets
$50,000 in liabilities and equity overall.
How to find the calculation?When the balance from the prior month is added, it represents the net difference between the credits and debits that were recorded during any particular accounting cycle.
Making the necessary accounts in order to create a balance sheet
ANALYSIS SHEET
ASSETS
Cash 3,000
Land 18,000
Resources 26,000
Assets totaling $50,000
LIABILITIES
3,000 in Accounts Payable
20,000 in notes payable
23,000 in total liabilities
EQUITY FOR STOCKHOLDERS
11,000 Common Stock
16,000 in retained earnings
[(3,000+18,000+26,000)-(3,000+20,000+11,000]
27,000 total equity
$50,000 in liabilities and equity overall.
Consequently, the balance sheet contains:
$50k total assets
$50,000 in liabilities and equity overall.
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a business leader can cultivate a sense of community by
A business leader can cultivate a sense of community by having a communication style that is we-oriented, not me-oriented.
What is business leader?
Being in charge of making strategic decisions for the organization is what it means to be a business leader. A company leader is an inspiration to others, setting the tone for a positive corporate culture in the office.
What makes a successful company leader?
The ability of a company's management to define and achieve hard goals, act swiftly and decisively when necessary, outperform the competition, and motivate others to perform to their fullest potential is known as leadership in business.
Employee motivation, assisting others in seeing and believing in a vision, and fostering innovation are all skills that great leaders possess. All stakeholders, including investors, customers, and employees, desire a strong leader at the head.
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Which of the following taxes is a progressive tax?
a. Sales tax
b. Excise tax
c. Property tax
d. Income tax
d. Income tax is a progressive tax, which is a type of tax where the tax rate increases as the number of income increases. The idea behind a progressive tax is that those who can afford to pay more should pay more. The income tax rate structure is typically tiered, with higher tax rates applying to higher levels of income.
This means that as a person's or a company's income increases, they will be required to pay a higher percentage of their income in taxes. The progressive income tax system is designed to ensure that those who can afford to pay more taxes do so, while still allowing low-income individuals to keep a larger proportion of their income.
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Investor presentations of ________ provide an opportunity for discussions to take place regarding the continuing corporate performance on ________ value creation story and a ________ value creation plan.
a) short-term plans; short term; short term
b) short-term plans; long term; long term
c) long-term plans; short term; long term
d) long-term plans; long term; long term
Discussions on the ongoing corporate performance on a long-term value creation story and a long-term value creation strategy can be had during investor presentations of long-term plans.
We urge leaders to prioritize long-term value creation as a starting point when trade-offs need to be made because of the advantages it brings for resource allocation and economic health. Consider your staff members to be stakeholders.
Due to their managerial expertise in fields like planning, budgeting, purchasing, and human resource management, these companies bring value. enabling the business to concentrate its efforts on more desirable possibilities.
The main objective of a corporation is to maximize short-term gains for all of its stakeholders. When a business examines its stakeholders and its mission statement as well as competitors,
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Other debt should be included such as car loans, student loans and credit cards when considering BOTH the 20% and the 10% in the 20-10 rule.
The 10/20 rule is a budgeting method that can be used by just about anyone, even if it's only a general guideline rather than a binding decree
What's the 10 20 rule in finance?The 10/20 rule is a budgeting method that can be used by just about anyone, even if it's only a general guideline rather than a binding decree. The goal is to keep your overall debt to no more than 20% of your annual income and your monthly payments to no more than 10% of your net monthly income. According to the 20/10 rule, your monthly and annual consumer debt payments should each not exceed 10% of your monthly and annual take-home pay. This guideline might help you determine how much you should be spending on debt repayments and set a ceiling on how much new debt you will accept.To learn more about 10 20 rule refer to:
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are health insurance premiums tax-deductible in 2021
The taxpayer (being individual/HUF) can claim deduction beneath area 80D in appreciate of clinical insurance plan premium paid through him in any mode other than cash. However, fee on account of preventive health check-up can be made in cash.
How tons health insurance premium is tax deductible?The deduction allowed under Section 80Dm is Rs 25,000 in a economic year. In the case of senior citizens, the deduction restriction allowed is Rs 50,000. Individual: An man or woman can declare a deduction of up to Rs 25,000 for the insurance plan of self, spouse, and based children.
Is scientific health insurance plan tax deductible?Health insurance premiums are deductible on federal taxes, in some cases, as these monthly repayments are categorized as medical expenses. Generally, if you pay for scientific insurance on your own, you can deduct the quantity from your taxes.
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https://brainly.com/question/29392161#SPJ4Which among the following is a qualitative tool of monetary policy Mcq?
A. Bank Rate
B. Credit Ceiling
C. Credit rationing
D. Cash Reserve Ratio
E. Repo Rate
The follow-ing is a qualitative tool of monetary policy -C. Credit rationing. The quali-tative tools of mone-tary policy are Ration-ing of credit, Consumer Credit Regu-lation, Guide-lines, Margin require-ments, Moral Suasion.
Credit rationing is the limit-ing by lenders of the supply of add-itional credit to bor-rowers who demand funds at a set quoted rate by the finan-cial institution. It is an exam-ple of market failure, as the price mechan-ism fails to bring about equilibrium in the mark-et.
Monetary policy is adopt-ed by the monetary author-ity of a country that con-trols either the interest rate pay-able on very short-term borrow-ing or the money supply.
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marketing is the activity, set of institutions, and processes that create, capture, communicate, and blank______ value.
The process, structure, and institutions involved in creating, delivering, and exchanging offerings that are valuable to partners, customers, clients, and society at large.
What generates communication and value delivery?Creating, conveying, and providing value to customers, clients, and the general public is the essence of marketing. It encompasses a variety of techniques used by companies to promote and sell their goods and services to customers.
What value does marketing produce?Marketing aims to meet human wants by delivering value. The marketer selects the product attributes and services that will add value. The marketer chooses pricing that are advantageous to both parties. The marketer chooses distribution strategies that provide value by being handy and easily available.
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What is an example of a type of command economic system?.
East Germany, North Korea, and the former Soviet Union are all examples of command economies.
Understanding the Command EconomyAlso known as a planned economy, the Command Economy has the main principle that a central government planner owns or controls the means of production in society.
Private ownership or land, labor, and capital do not exist or are very limited to use in support of the central economic plan.
In contrast to a free market economy, where the prices of goods and services are determined by supply and demand, the central plan in the Command Economy sets prices, controls production, and limits or completely prohibits competition within the private sector.
In a pure Command Economy, there is no competition, as the central government owns or controls all businesses.
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a proof of the equality of debits and credits in a general ledger is called ?
Trial balance can be defined as a proof of the equality of debits and credits in a general ledger. There are several aspect that including in the trial balance, such as including assets, liabilities, equity, revenues, expenses, gains, and losses.
In economic and accounting, A trial balance generally can be described as a list of all the general ledger accounts contained in the ledger of a business. The name of each nominal ledger account and the value of that nominal ledger balance are including in the trial balance. Each nominal ledger account and the value of that nominal ledger balance will hold either a debit balance or a credit balance.
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HELP ME ASAP. Match the pitch deck component to its description.
Note that the Pitch Deck components and it's description are matched as follows:
Pitch deck component - Description
Milestones - Talk about the traction that a company gained, such as crowdfundingBusiness model - Discuss how a business how it makes money, and talk about some of the marketing strategiesVision and value proposition - A brief overview of a business that talks about the company's mission and the value providedProblem - Discuss what customer problem the or services solveCompetition - Discuss what the competition is doing and a company could improve upon what the competition is doing without being disrespectful toward the competing companiesNote: I believe that you have some errors in your description, so I will rephrase it to match with the components:Highlight key team members' expertise, and experience and how these qualities work together to contribute to the success and growth of the company.Specify how the investors' money will be used and why the funds are necessary for the company while using data to back up the information.What is a pitch deck?A pitch deck is often a 10-20 slide presentation aimed to provide a brief overview of your firm, business plan, and startup concept.
Pitch decks, also known as marketing decks, are typically used by companies attempting to persuade clients or investors to collaborate with them. They are brief presentations designed to assist someone to learn about your company fast.
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Mark is investing $47,000 in an account paying 5. 26% interest compounded continuously. What will mark's account balance be in 17 years?.
Mark's account balance after 17 years would be $114,932.8
What is the formula for the continuous compounding?where,
A = Accrued amount
P = Principal amount
r = interest rate as a decimal
R = interest rate as a percent
r = R/100
t = time in years
For given question,
P = $47000, t = 17 years
R = 5.26%
Using the Continuous Compounding Formula,
Therefore, Mark's account balance after 17 years would be $114,932.8
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Angelo, age 40, is comparing the premium for a $125,000 whole life insurance policy he may take now and the premium for the same policy taken out at age 45. The annual life insurance premium (per $1000 of face value) for a 40-year-old male is 22. 60 and for a 45-year-old male is 27. 75. What would be the difference in total premium costs over 20 years for this policy at the two age levels?a. $69,375b. $11,725c. $12,875d. $644 please select the best answer from the choices providedabcd.
The difference in 20-year premiums for the two ages is $12,875.
Face value
Par value is the term used to describe the face value of a security offered by an issuer.
Consider the entire scenario of a 40-year-old man.
Annual premium per 1000 face value = $22.60
Annual premium for a $125,000 life insurance policy = 125,000/1000 * 22.60 = $2,825. Premium for 20 years = 2825 * 20 = $56500
Consider the entire scenario of a 45-year-old man.
Annual premium per 1000 face value = $27.75
Annual premium for a $125,000 life insurance policy = 125,000/1000 * 27.75 = $3,468.75
20 year premium = 3468.75 * 20 = $69375
20 Year Total Premium Difference = 69375-56500 20 Year Total Premium Difference = $12875
Therefore, the difference in his 20-year premiums at the two ages is $12,875.
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What are the main reasons that lenders charge interest on loans?.
The main rea-sons that lenders charge inte-rest on loans is that interest prot-ects against fut-ure rises in inflation. Interest pro-vides the profit incentive to lend mo-ney (supply credit.) It inc-ludes compen-sation for inflation, de-fault risk and opportunity cost.
The interest rate is the amou-nt a lender charges a bor-rower and is a percent-age of the principal—the amount loane-d. The inte-rest rate on a loan is typi-cally noted on an annual basis kno-wn as the annual percent-age rate (APR). Lenders con-sider your credit score, pay-ment history and the current econ-omic conditions when deter-mining interest rates. Generally speak-ing, the high-er your credit score, the less you can ex-pect to pay in inter-est.
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how are economic resources allocated in a market economy?
Answer:
In a market system, resources are allocated to their most productive use through prices that are determined in markets. These prices act as a signal for buyers and sellers. Most economies are mixed economies that lie between these two extremes.
NEED HELP ASAP PLEASE
Two train are 330 mile apart, and their peed differ by 24 mph. Find the peed of each train if they are traveling toward each other and will meet in 3 hour. Mph (maller value)
mph (larger value)
The speed of the first train is 100.5 mph and the speed of the second train is 76.5 mph.
Let's call the speed of the first train x and the speed of the second train y.
We know from the problem that:
x - y = 24 (the difference in speed between the two trains)
We also know that the two trains will meet in 3 hours, so we can use the distance formula:
distance = rate x time
330 = (x + y) x 3 (since they are traveling towards each other, their combined speed is the sum of their individual speeds)
Now we can use the first equation to substitute for y:
330 = (x + (x - 24)) x 3
330 = 4x - 72
402 = 4x
x = 100.5 mph
Now that we have the speed of the first train, we can use the first equation to find the speed of the second train:
x - y = 24
100.5 - y = 24
y = 76.5 mph
So the speed of the first train is 100.5 mph and the speed of the second train is 76.5 mph.
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Which of the following statements best describes the economic concept of scarcity?
The statement which best describes the economic concept of scarcity is People's wants can never be satisfied by the available resources.
The idea of scarcity is anchored in one of life's most fundamental truths: there are only so many resources in the world, and decisions must be made about how to distribute them. In that sense, anything from a pack of gum to a book of matches is limited since it required the use of resources that could have been used elsewhere.
As to how essential scarcity is to economics, scarce products are also referred to as economic goods. When it comes to economics, scarce products are those for which, at a price of zero, demand would outweigh supply.
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The complete question is:
Which of the following statements best describes the economic concept of scarcity?
a. Society is not employing all of its available resources in an efficient manner.
b. People's wants can never be satisfied by the available resources.
c. Scarcity afflicts only poor countries.
d. Too many frivolous goods and services are produced at the expense of socially desirable goods and services.
e. Production is efficient, but distribution is inefficient.
Identify strategies to manage customer experience during peaks in demand.
Describe the use of technology in customer relationship management.
Demonstrate a customer service mindset.
Determine ways of reinforcing the company’s image through employee performance.
Outline steps to remedy specific problems.
Managing customer experience during peaks in demand:
Prioritize customer needs through effective communication channels.Train staff to handle high-volume customer interactions efficiently and effectively.Implement self-service options like chatbots and FAQs to reduce wait times.Regularly monitor and analyze customer feedback to identify areas for improvement.Use of technology in customer relationship management:
Utilize customer relationship management (CRM) software to manage interactions and track customer data.Implement automation tools to streamline repetitive processes and improve response times.Use data analytics to gain insights into customer behavior and preferences.Leverage social media and online communities to engage customers and build brand loyalty.Demonstrating a customer service mindset:
Empower staff to make decisions that benefit the customer.Encourage a culture of empathy and active listening.Provide training and support for staff to handle difficult customer interactions effectively.Hold staff accountable for delivering high-quality customer service.Reinforcing the company’s image through employee performance:
Define clear expectations for employee behavior and customer service standards.Provide opportunities for employees to grow and develop their customer service skills.Regularly recognize and reward employees who provide exceptional customer service.Ensure consistency in the customer experience by standardizing processes and procedures.Remedying specific problems:
Listen actively to understand the customer’s issue.Apologize and take responsibility for the problem.Provide a solution that meets the customer's needs and resolves the issue.Follow up with the customer to ensure the problem has been resolved to their satisfaction.Customer relationship management is a method used by a company to keep and maintain harmonious interaction with its current clients and build a better impression toward its future customers.
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An essential quality of an overhead allocation base is that it must ______.be calculated using a predetermined overhead ratebe a cost associated with producing the firm's goodsvary with all overhead costsbe common to all the company's products and services
An essential quality of an overhead allocation base is that it must be common to all the company's products and services - The option B.
An allocation basis is used by cost accounting to assign overhead costs. An allocation base could be a measurement like the amount of occupied square footage, kWh consumed, or machine hours used. An entity allocates its overhead costs on the basis of an allocation base. An allocation basis is a measurement, such as the amount of square footage occupied, kilowatt hours consumed, or machine hours used. The main purpose of cost allocations is to apply overhead expenses to produced inventory, as specified by various accounting systems. Allocate service department expenditures to operating departments is the normal allocation procedure in a multi-department corporation. Assign operational department expenses to products and services, including any allocations from service departments.
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a point inside the production possibilities frontier is
A point inside the production possibilities frontier is feasible, but not efficient.
Producing a good or service within the boundaries of the production possibilities frontier is possible, but not necessarily the most effective way to allocate resources.
That's because, while feasible, a point inside the frontier does not represent the most efficient use of resources.
To reach the most efficient outcome, the production possibilities frontier must be shifted outward, allowing for the production of more goods or services with the same amount of resources.
A point inside the production possibilities frontier is technically feasible - meaning it can be achieved - but it is not necessarily efficient. This means that the combination of goods or services being produced does not maximize the potential output of the resources available.
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The maximum outstanding balance allowed to a customer by a vendor is called: _________
The maximum outstanding balance allowed to a customer by a vendor is called a credit limit.
A credit limit is the maximum amount of credit a financial institution or vendor will extend to a customer for a line of credit, loan, or credit card. The credit limit is set based on the customer's credit history, income, and other factors that indicate the customer's ability to repay the debt.
Having a credit limit is important because it helps customers manage their debt and avoid overspending. Customers should regularly monitor their credit utilization, which is the ratio of their outstanding balance to their credit limit, to ensure they are staying within their credit limit.
It's also important for customers to pay attention to their credit limit because exceeding the limit can result in additional fees and negatively impact their credit score.
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Which of the following is defined as the
study of the aggregate economy studied
as a whole?
inde Mathematical economics
from
EconometricsMacroeconomics
O Microeconomics​
Macroeconomics is defined as the study of the aggregate economy studied as a whole.
The field of economics known as macroeconomics focuses on understanding how an economy functions as a whole and how it behaves. It focuses on the overall developments in the economy, including inflation, unemployment, growth rate, and gross domestic product.
The study of macroeconomics focuses on the functioning of economies, including shifts in the balance of payments, inflation, interest and foreign exchange rates, and variations in economic production. Only solid monetary and fiscal policies can lead to social fairness, poverty reduction, and sustained growth.
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a relatively low level of fixed costs can make it economical to perform a particular activity in several locations at once is called ?
Economies of scale are the concept that helps to make it economical to perform a particular activity in several locations at once.
Economies of scale refer to the cost advantages associated with performing a particular activity in multiple locations. This cost advantage is achieved by achieving greater efficiency in production and by spreading the fixed costs associated with the activity across multiple locations.
As production increases, the cost associated with each unit of production falls. This is because the fixed costs are spread across a larger number of units, leading to lower production costs.
In addition, by having multiple locations, companies can benefit from economies of scale by reducing their overhead costs, such as transportation and labor costs.
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What are 3 benefits of the market economic system?.
A market economy promotes free competition among market participants. Notable benefits of a market economy are increased efficiency, production, and innovation.
About market economyA market economy is an economic system that determines decisions regarding investment, production, and distribution based on the relationship between demand and supply which determines the prices of goods and services. The main characteristic of a market economy is the making of investment decisions or the allocation of goods of producers through the capital market and finance.
In a market economy, economic problems are fully handled by the market. Market control is determined by the price set and the method chosen by producers and consumers in the process of production and consumption. Initially, the market economic system was implemented by most of the countries with liberal views, especially the United States of America. At present, most countries in the world are starting to abandon market economics and choose other economic systems.
The market economic system has started to be used again since the 1990s. The reason is the process of globalization in Asia and Latin America which are developing countries. Markets in developing countries began to experience the unification of international markets and economies.
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Is a free enterprise system a command economy?.
