The profit motive is important to a market economy because it

Answers

Answer 1

Answer: Profit motive is a characteristic of free market economies, where the
sole intention of producers is to make profit. This results in both
positive and negative results. The importance of profit motive in a market economy is that all firms are established on its basis.

Answer 2

Answer:

Answer:

encourages people to open businesses and invent new products

The profit motive drives people to risk opening new businesses and creating new products and services. Competition drives businesses to provide better products and services at lower prices. Should a business owner not provide a quality product, that owner risks losing customers to a competitor. In the real world, there are varying degrees of competition

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What is the difference between real GDP and nominal GDP

Answers

Real Gross Domestic Product or real GDPis a measure of the value of economic output like inflation or deflation ofprices . Nominal GDP on the other hand is a figure which has not been adjustedfor any inflation. Nominal GDP is also known as the ”current dollar GDP”sometimes, “chained dollar GDP”.Adjustment in real GDP transforms thenominal GDP, the money-value measure an index for total output quantity.The main difference between these two GDP’s is that real values are adjusted forinflation while nominal is otherwise.

Final answer:

Nominal GDP measures a country's total economic output at current prices, including inflation or deflation, while real GDP adjusts this value to remove the effects of price changes, providing a more accurate measure of 'real' economic growth.

Explanation:

In economics, Real GDP and Nominal GDP are two ways of measuring a country's economic output. Nominal GDP is the total value of all final goods and services produced in an economy in a given year, measured in current prices. Prices can be affected by inflation or deflation, which are changes in the general level of prices of goods and services. Therefore, Nominal GDP can change simply because prices change.

On the other hand, Real GDP is GDP adjusted for inflation or deflation. This gives a more accurate measure of economic growth, as it removes the effect of price changes and therefore provides a measure of 'real' output. This makes Real GDP a better measure of economic growth over time, as it reflects changes in the quantity of goods and services rather than changes in their prices.

Learn more about Real GDP vs Nominal GDP here:

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Whose responsibility is it to design, implement, and consistently review a risk-management system?

Answers

The responsibility for designing, implementing, and consistently reviewing a risk management system typically falls on the organization or business itself, especially if it's a larger entity. In a business or organizational context, this responsibility often involves various stakeholders, including:

1. **Senior Management:** Senior executives and leaders within the organization play a crucial role in establishing the overall risk management framework, setting policies, and allocating resources for risk management efforts.

2. **Risk Management Team:** Many organizations have dedicated risk management teams or officers who specialize in identifying, assessing, and mitigating risks. These professionals often report to senior management.

3. **Employees:** Employees at all levels have a role in risk management. They must be aware of and adhere to risk management policies and procedures, report potential risks or issues, and participate in risk mitigation efforts.

4. **External Consultants:** In some cases, organizations may hire external consultants or experts to assess and improve their risk management practices.

5. **Regulatory Authorities:** Depending on the industry and location, regulatory authorities may require specific risk management practices and reporting. Compliance with these regulations is also a responsibility.

6. **Stakeholders:** Businesses have a responsibility to communicate their risk management practices to stakeholders, including investors, customers, and partners.

The specific responsibilities and structure of a risk management system can vary widely depending on the organization's size, industry, and risk profile. However, the key is to have a systematic approach to identify, assess, and mitigate risks that could impact the organization's operations, finances, reputation, and compliance with legal and regulatory requirements. This process should be ongoing and adapt to changing circumstances and new risks that may emerge.

Faktor faktor yang mendorong wirausahawan melakukan simpanan modal usaha

Answers

Im not sure about the question but this translation is: " Factors that encourage entrepreneurs doing business capital savings."

Investor Tyler’s property has a potential rental income of $19,000. The vacancy and collection losses for the year were $2,680. The property had operating expenses of $6,160. Tyler’s mortgage expenses for the property were $7,700. What is the before tax cash flow for Tyler’s property?

Answers

Answer:

$2,460

Explanation:

Data provided in the question:

Rental income = $19,000

The vacancy and collection losses for the year = $2,680

Operating expenses = $6,160

Tyler’s mortgage expenses for the property = $7,700

Now,

The before tax cash flow for Tyler’s property will be

= Rental income - losses for the year - Total expenses

= $19,000 - $2,680 - ( $6,160 + $7,700 )

= $16,320 - $13,860

= $2,460

A family's ability to bounce back from a crisis like homelessness home and this is an example of parental resilience reduced child abuse and neglect determination or none above

Answers

Answer:

Parental resilience

Explanation:

Parental resilience is the ability to recover from challenges and crisis through creative thinking ,be positive minded , requesting for help when required and end up being stronger .

It is very important as every family is prone to crisis at any time , the degree of resilience possessed determines how well and quickly the person will come out of the situation.

It is based on resilience, social connection ,supports during a challenge,social and emotional competence of children and knowledge of parenting and child development.

wht is this is this history

How does recycling help bridge the gap between renewable and nonrenewable resources

Answers

Able to Reuse what's left of the existing recycled product. Less resources. Whether it be 2 percent or 20 percent, saving resources is a great thing.

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