Question: Identify the four basic inputs to an economic system.

Identify the four basic inputs to an economic system.

Step by Step Solution

★★★★★

3.56 Rating (160 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

The four basic inp... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Contemporary business Questions!

Q:

Identify the four basic financial statements of a business.

Q:

Identify and describe the four basic inputs that make up factors of production. Give an example of each factor of production that an auto manufacturer might use.

Q:

Identify the four basic managerial functions. Suppose you were hired to be the manager of a local restaurant. Which managerial functions would likely be the biggest part of your job? Why?

Q:

1. Identify the four basic inputs to an economic system. 2. What is an entrepreneur? 3. What is an alternative term for private enterprise system ? 4. What is the most basic freedom under the private...

Q:

Reading At TripAdvisor, a global travel website with user-generated reviews and opinions, competition within the global travel industry remains cutthroat and intense. Steve Kaufer is the co-founder...

Q:

How does TripAdvisor use the four basic inputs of an economic system?

Q:

At TripAdvisor, a global travel website with user-generated reviews and opinions , competition within the global travel industry remains cutthroat and intense. Steve Kaufer is the co-founder and CEO...

Q:

Why an international code of business ethics would be good for business Journal of Business Ethics; Dordrecht; Jan 1998; Larry R Smeltzer Marianne M Jennings Source (subtitle): Volume: Issue: Start...

Q:

With reference to the Selzer and Torres reading "A historic look at greed an fear in market phenomena", is bitcoin a bubble an how would you tell?Make sure to provide convincing arguments both for...

Q:

help in solving the following. tackle all the questions.222323333 16 points) Consider an industry with 2 firms producing homogeneous product. The cost function for firm 1 and firm 2 are c1(y1) =...

Q:

Would a fall in the exchange rate mainly influence unemployment or inflation?

Q:

On August 1, 2017, Aiken Corporation enters into a contract with Benton Corp. to sell it $ 25,000 of goods. Aiken will deliver the goods on August 30, 2017, and Benton will pay the full amount upon...

Q:

Which of the following is true of lean accounting? a . It organizes costs according to the value chain and collects both financial and nonfinancial information. b . It is the accounting process in...

Q:

38. (Engineered cost variances) Management at Rivertown Electronics has estimated that each quality control inspector should be able to make an average of 12 inspections per hour. Retired factory...

Q:

What is the Business Development Bank of Canada? How does it assist small companies, financially and in other ways?

Q:

Describe how local governments and business incubators help small firms to set up and grow.

Q:

Describe how local governments and business incubators help small firms to set up and grow.

Q:

1. In 2011, Raleigh sold 1,000 units at $500 each, and earned net income of $50,000. Variable expenses were $300 per unit, and fixed expenses were $150,000. The same selling price is expected for...

Q:

A New York City daily newspaper called Manhattan Today charges an annual subscription fee of $135. Customers prepay their subscriptions and receive 260 issues over the year. To attract more...

Q:

Wildhorse Corp. uses a perpetual inventory system. The company had the following inventory transactions in April: April 3 Purchased merchandise from Marigold Ltd. for $36,400, terms n/30, FOB...