What is the difference between credit and debit Brainly?
Credit always refers to transactions with a credit card while debit. always refers to transactions with checks. Credit is for major purchases while debit is for smaller purchases.
What are the two factors used to calculate productivity?
It is calculated by dividing the outputs produced by a company by the inputs used in its production process. Common inputs are labor hours, capital and natural resources, while outputs are generally measured in sales or the number of goods and services produced.
Which of these is a way to increase productivity?
Explanation: Increasing productivity means doing more with the (human) resources you already have. So, having more machines/technology to assist your current workers do more products/services is the best way to increase productivity.
What is the difference between a market economy and a command economy Brainly?
The correct answer is letter “A”: A market economy is determined by consumers and a command economy is determined by central authority. Explanation: In a market economy, economic decisions and prices are determined not by central planning but by market forces.
What is the main difference between a command and market economy?
In a command economy, macroeconomic and political considerations determine resource allocation, whereas, in a market economy, the profits and losses of individuals and firms determine resource allocation. Command economies are concerned with providing basic necessities and opportunities to all members.
What are the reasons why market economy is better than command economy?
The advantages of a market economy include increased efficiency, productivity, and innovation. In a truly free market, all resources are owned by individuals, and the decisions about how to allocate such resources are made by those individuals rather than governing bodies.
What are the reasons why market economy is better than command economy Brainly?
Answer. Explanation: Market economies are more efficient than traditional or command economies because in a market economy, consumers and businesses jointly decide what to produce, how to produce, and for whom to produce through the interaction of supply and demand.
What do you think is the best economic system and why?
Capitalism is the world’s greatest economic success story. It is the most effective way to provide for the needs of people and foster the democratic and moral values of a free society.
Which do you prefer command economy or market economy choose one and explain in your own words Brainly?
Explanation: Market economy’s production and distribution of goods and services all depends on the law of supply and demand. In Market Economy, you can have a private property and freedom of choice, while in Command Economy, all are owned and managed by the government.
What do you think is the best economic system and why Brainly?
Answer. Therefore, Capitalism is the best economic system because it rewards the ones that work hard and since the government does not control trade, there is a large variety of goods and creates options for consumers to fit their personal needs.
Why is traditional economy not good?
The advantages and disadvantages of the traditional economy are quite unique. There is little waste produced within this economy type because people work to produce what they need. That is also a disadvantage, because if there is no way to fulfill production needs, the population group may starve.
Is it bad to follow traditions?
No need to think, whatsoever. While traditions might be nice in a family setting, they can be disastrous in the business world. Just blindly follow the past so you don’t have to do the hard work of critical thinking in the present. If your business is more than 12 months old, it has traditions.
Why do some traditions continue and others don t?
Sometimes traditions change because they are difficult to maintain in a new country or as the new society changes. Some people do not feel that their ethnic roots have importance in their lives so they don’t continue ethnic traditions.
Why is it dangerous to blindly follow tradition?
Just as the villagers in “The Lottery” blindly follow tradition and kill Tessie because that is what they are expected to do, people in real life often persecute others without questioning why. As Jackson suggests, any such persecution is essentially random, which is why Tessie’s bizarre death is so universal.