Ask Question
BusinessBusiness
30 August, 17:08

In a market economy why is private Ownership an important source of economic prosperity

+4
Answers (2)
  1. 30 August, 17:20
    0
    D) It provides owners with a strong incentive to develop and use assets in ways that others value highly.

    Explanation:

    i just did the test
  2. 30 August, 17:29
    0
    Answer: Private companies are among the most significant drivers of economic growth.

    Explanation:

    Creating jobs, increasing trade activity, and increasing the flow of goods, providing services to the poor, and paying regular taxes to the public sector are just some of the benefits that the economic system has of private companies. Paying for their obligations to the state results in the proceeds of funds coming into health care, education, and other vital elements of the state system.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “In a market economy why is private Ownership an important source of economic prosperity ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Reliable manufacturing wants to sell a sufficient quantity of products to earn a profit of $100,000. if the unit sales price is $10, unit variable cost is $8, and total fixed costs are $200,000, how many units must be sold to earn income of $100,000?
Answers (1)
Babette Manufacturing produces plastic toys and uses process costing. There are three processing departments-Assembling, Finishing, and Packaging. On January 1, the Finishing Department had 2000 units of partially processed product in production.
Answers (1)
Diamond Design Company makes custom chairs for individual customers. On September 1, there was one job in process, Job 243, with a cost of $2,000. Jobs 244, 245, and 246 were started during the month of September.
Answers (1)
Myers and Company sold $1,800 of merchandise on account to Oscar, Inc. on March 1 with credit terms of 2/10, n/30. Oscar returned $500 of the merchandise due to poor quality on March 3.
No Answers
How do you find the value of a bond, and why do bond prices change
Answers (1)
New Questions in Business
A client with acquired immunodeficiency syndrome (AIDS) develops Pneumocystis carinii pneumonia. Which nursing diagnosis has the highest priority? A. Impaired oral mucous membranes B. Activity intolerance C.
Answers (1)
Beaver Construction purchases new equipment for $38,160 cash on April 1, 2018. At the time of purchase, the equipment is expected to be used in operations for six years (72 months) and have no resale or scrap value at the end.
Answers (1)
Identify an advantage of working in teams. O A. Strong work ethics O B. Less wasted time O C. More ideas O D. Less skills SUBI
Answers (2)
Identify the major task that must be mastered in early adulthood, according to levinson.
Answers (1)
Ctual total factory overhead incurred $ 28,175 Standard factory overhead: Variable overhead $ 3.10 per unit produced Fixed overhead ($12,000/12,000 predicted units to be produced) $ 1 per unit Predicted units produced 12,000 units Actual units
Answers (1)
Home » Business » In a market economy why is private Ownership an important source of economic prosperity
Sign Up Forgot Password?