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
Jamal Steel, a rapidly growing small steel company with annual revenues of $8 million is looking to buy a large industrial furnace from Shinto Manufacturing, a Japan-based company.
Answers (1)
The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: Cash balance according to the company's records at August 31, $20,870.
Answers (1)
Kirov, Inc. reports credit sales of $200,000 for the year ending December 31. The year-end unadjusted balance of its Allowance for Doubtful Accounts is a debit of $9,000. Experience suggests 6 percent of its net sales will be uncollectible.
Answers (1)
A copy machine cost $ 36 comma 000$36,000 when new and has accumulated depreciation of $ 34 comma 000$34,000. Suppose Sun Graphics and Designs CenterSun Graphics and Designs Center junks this machine, receiving nothing in return.
Answers (1)
Macheath inc. bought 60% of the outstanding common stock of nomes inc. in an acquisition business combination that resulted in the recognition of goodwill.
Answers (1)
New Questions in Business
If a company's current assets increase, what might we assume about their inventory levels? a) It increasedb) It decreasedc) It stayed the samed) We don't have enough information to decide
Answers (1)
What is the effect of import restrictions on prices? a. they cause prices to drop. b. they cause prices to rise. c. they often cause prices to rise steeply and then drop. d. they usually do not have any lasting effect on price?
Answers (1)
Joan is a manufacturing engineer who works on a new product development team along with members from design, engineering, production, purchasing, finance, marketing, and quality assurance.
Answers (2)
Which are costs subtracted from in calculating profit? revenue wages overhead debt
Answers (1)
What type of mortgage has set payments for the life of the loan? A: Varying-rate mortgage B: Fixed-rate mortgage C: Adjustable-rate mortgage D: Index-rate mortgage
Answers (1)
Home » Business » In a market economy why is private Ownership an important source of economic prosperity
Sign Up Forgot Password?