Question

Why isn’t the economy arranged as a vast (market) collection of independent, individually owned/operated economic entities?

Why isn’t the economy arranged as a vast (market) collection of independent, individually owned/operated economic entities?

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

The economy is not arranged as a vast collection of independently, individually owned/operated economic entities because of the reason that an economy as a whole consists of 4 component - Consumption, Investment, Government spending, Exports. As these components are interrelated and interdependent on one another, and separating any one component from the other is impossible. Thus, an economy cannot be arranged as a collection of independent, individually owned economic entities.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Suppose a country with a struggling economy suddenly discovered vast quantities of valuable minerals under government-owned...
Suppose a country with a struggling economy suddenly discovered vast quantities of valuable minerals under government-owned land. How might the government’s bond rating be affected? Using the model of demand and supply for bonds, what would you expect to happen to the bond yields of that country’s government bonds? A) The bonds of that government would likely be upgraded, as the economic outlook for the economy would improve and the reduction in the perceived riskiness of the bonds would shift...
1. Who answers the three fundamental economic questions in a: a. Command economy? b. Market Economy?...
1. Who answers the three fundamental economic questions in a: a. Command economy? b. Market Economy? c. Mixed economy? 2. Describe the circular flow of the economy? 3. When dies economic growth occur? Why is productivity important to economic growth? 4. What is the difference between capitalism and communism with private property? 5. Hiw does the profit motive and competition work together to benefit consumers?
1. Why did Adam Smith assert that "a free market economy would best promote economic growth...
1. Why did Adam Smith assert that "a free market economy would best promote economic growth and raise living standards?" 2. Why did Karl Marx predict that "the capitalist system of private ownership would eventually self-destruct?"  3. What opportunity costs did you incur ? 4. Assume that it takes four hours of labor time to paint a room and two hours to sand a floor. If all 24 hours were spent painting, (a) How many rooms could be painted by one worker?...
Whatever It Takes: How the Fed Aims to Rescue the Economy The central bank is using...
Whatever It Takes: How the Fed Aims to Rescue the Economy The central bank is using tactics from the last financial crisis and deploying new ones to keep money flowing. Here are the basics. The Federal Reserve, under Jerome H. Powell, is moving to shore up the American economy during the coronavirus pandemic. Credit...Yuri Gripas/Reuters By Ben Casselman March 23, 2020 The Federal Reserve on Monday pledged to do, in essence, whatever it takes to keep the economy from collapsing...
Evaluate the post-acquisition integration methods that CVS uses to create an integrated offering. Why has the...
Evaluate the post-acquisition integration methods that CVS uses to create an integrated offering. Why has the company been successful in its integrations processes after acquisitions? Extending Dominance in the Pharmacy Industry: The 2000s CVS began the new millennium where it ended the old, in acquisition mode. CVS added a specialty pharmacy to the mix when it bought Pittsburgh’s Stadtlander Pharmacy in July for $125 million in cash. Stadtlander, with an annual revenue of $100 million, operated as a specialty pharmacy.29...
Delta airlines case study Global strategy. Describe the current global strategy and provide evidence about how...
Delta airlines case study Global strategy. Describe the current global strategy and provide evidence about how the firms resources incompetencies support the given pressures regarding costs and local responsiveness. Describe entry modes have they usually used, and whether they are appropriate for the given strategy. Any key issues in their global strategy? casestudy: Atlanta, June 17, 2014. Sea of Delta employees and their families swarmed between food trucks, amusement park booths, and entertainment venues that were scattered throughout what would...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT