The goal of a market economy is to
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Final answer:
A market economy primarily aims to efficiently meet consumer demand for goods and services, foster healthy competition amongst suppliers, and promote private enterprise, rewarding individuals for their ability to produce goods and services that society values.
Explanation:
The goal of a market economy firstly is to coordinate a process where firms aim to produce goods and services in the quantity, quality, and price that consumers want, making efficient use of resources. Secondly, it is designed to create an environment where competition amongst suppliers can take place, aiming to offer the best goods and services at the lowest prices, stimulating productive efficiency. Lastly, market economies are based on the principle of private enterprise, where personal income is driven by an individual's capacity to convert resources, particularly labor, into a product or service that society values.
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Related Questions
Fred completed 10 math problems this is 40% of the math problems he must do how many are left??
Sherita’s club is selling grapefruit to raise money. For every box they sell, they get $1.35 profit. They have sold 84 boxes already. How many more boxes must they sell to raise 270 dollars?
Solve by substitution X+3y=1 and -3x-3y=-15
Colby and Jaquan are growing bacteria in an experiment in a laboratory. Colby starts with 50 bacteria in his culture and the number of bacteria doubles every 2 hours. Jaquan has a different type of bacteria that doubles every 3 hours. How many bacteria should Jaquan start with so that they have the same amount at the end of the day?
The coordinates of C’ will be (_____).
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Answer:
A will be (2,0) and C will be (-2,-2)
Step-by-step explanation:
I took the assignment.
RT = 2(RX)
WX = 2(RX)
RT + TW = RX
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This statement must be true as RT + TW = WX + TW, which is correct option (A).
What are congruent triangles?
Two triangles are said to be congruent if their corresponding sides and angles are equal.
SSS stands for Side-Side-Side criterion. According to this, two triangles are congruent if three sides of a triangle are equal to the corresponding sides of the other triangle.
Since RT ≅ WX, RT and WX are represent congruent
So we can say that for all kinds of reasons, they are absolutely equal.
Given that, we can substitute RT with WX in the equations and solve them to check which one is valid. The valid equation will be to true statement.
For RT + TW = WX + TW
Substitute RT = WX in the equation
RT + TW = WX + TW
WX + TW = WX + TW
Subtract TW from both sides of the equation
WX + TW - TW = WX + TW -TW
WX = WX
Since RT ≅ WX,
Therefore RT and WX are exactly equivalent and interchangeable as a result, the equation WX = WX is true..
Hence, this statement must be true as RT + TW = WX + TW
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100/5=20
converts to 20%
Final answer:
Marge has saved 20% of the total cost of her vacation.
Explanation:
Marge's vacation savings can be calculated as a percentage of the total cost, using the formula: (Amount Saved / Total Cost) * 100. In this case, with a total vacation cost of $1,750 and Marge having saved $350, the calculation is ($350 / $1,750) * 100. When computed, it reveals that Marge has successfully saved 20% of the total vacation expense. This means that she has allocated a fifth of the overall cost, demonstrating a commendable financial preparation for her upcoming getaway. Such conscientious savings practices contribute to a more relaxed and enjoyable vacation experience, as Marge has set aside a significant portion of the required funds.
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Answers
y-b=bx-ab
y=bx-ab+b
y=bx-b(a-1)
Answer:
The equation is y-a= b(x-b)
Step-by-step explanation:
I use bold for the slope so you can differentiate the slope term b from the y coordinate value b.
The equation of a line passing through a specific point and having a specific slope can be obtained using the point slope form of a line :
y-y1=m(x-x1) where m is the slope and (x1,y1) is your specific point.
So replacing your values, the point (x1,y1) =(a,b) and m=b, in this equation we havE:
y-a= b(x-b)
That can be expressed in point slope form and explicit for as.
y = b(x-b) + a = bx -bb +a =
y= bx + (a -bb)