ECONOMICS
CONSUMERS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Competition & Mix economics
|
|
|
Profit & Lost
|
|
|
Control & Freedom
|
|
|
Consumers & Supplier
|
Detailed explanation-1: -A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims.
Detailed explanation-2: -Examples include the economies of China, Norway, Singapore, and Vietnam-all of which feature large state-owned enterprise sectors operating alongside large private sectors.
Detailed explanation-3: -Economics is the study of the production, distribution, and consumption of goods and services. Economists address these three questions: (1) What goods and services should be produced to meet consumer needs? (2) How should they be produced, and who should produce them? (3) Who should receive goods and services?
Detailed explanation-4: -Efficient allocation of resources. Resources are allocated efficiently to where they are needed the most in the private sector. Incentives for innovation and production efficiency. Government support. 3 days ago