GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -A market economy is an economic system in which economic decisions and the pricing of goods and services are guided by the interactions of a country’s individual citizens and businesses.
Detailed explanation-2: -Which statement is true about capital goods? They increase the production of goods.
Detailed explanation-3: -The primary incentive for a business to produce goods or services in the United States is profit. Demand is represented by wanting an expensive leather jacket without having the money to buy it. The demand is low and supply is high for unskilled workers in most age groups.
Detailed explanation-4: -Decreased production and increased unemployment occur during recessions. Inflation increases the purchasing power of money.