1) Discuss the differences between a market-based economy and a command economy. Include in your description of each type of economy an indication of: Who determines production? What is the role of the government? What furthers or advances each type of economy? (2 Points) While in a market economy‚ there are producers and consumers in the market and freedom of choice. In the command economy‚ there is ruling Communist Party bureaucracy and it’s the only choice. In a market economy‚ prices move freely
Premium Capitalism Market economy Economies
Holistic/Direct Observation/Witness Statement Professional Discussion/Oral Questioning Record Training Adviser Name: Annie Edwards Learner Name: Laura Tolan Witness Name and relationship to learner: Setting: Date: 07/01/15 Unit Outcomes & Evidence Outcome 2.4 Make recommendations to support referral processes The commission for social care inspection in their national minimum standards publishes standards for each different setting within healthcare and managers and staff should be aware
Premium
6.1a) A monopoly is facing the demand and marginal cost curves which is P = 12 - 0.002Q and MC = 3 + 0.001Q. When the demand curve is P = a- bQ‚ the marginal revenue curve will be MR = a- 2bQ ‚ therefore‚ MR = 12 - 0.004Q.(Refer to figure1) Figure 1 To maximize the profits‚ the company should produce at the output level where marginal revenue is equal to marginal cost. If the marginal revenue is higher than marginal cost‚ the firm can increase profit by producing more. If
Premium Cost Marginal cost Economics
The film Spring Breakers‚ directed by Harmony Korine‚ focuses on four young girls who seek an escape from their mundane lives as college students and decide to go to Florida for spring break. The girls are so desperate and deprived that they are driven to the extremes. This film serves a social commentary on the modern culture of today’s youths. The film takes on the perspectives of the protagonists‚ through it’s use of gloomy‚ cool colors in depictions of college life‚ and prison. However‚ the scenes
Premium Sexual intercourse Human sexual behavior Gender
3 4 5 6 7 8 9 10 11 12 13 14 15 Spring Break Nayef Alhajraf & Sultan Almohanna SB Students Over spring break‚ I decided to surprise Sultan and take him to Providence‚ Rhode Island. I picked him up at 6 in the evening‚ and we arrived at 7pm. I took him to eat in a wonderful Arabic restaurant called Abo Yourob and to visit our friend. babli‚ a water pipe‚ and we smoked together. We stayed until 2am and then returned to Boston. We had a very nice time in Providence. The next
Premium Sharia Egypt Islam
On 1976 in a small town called Lime Springs‚ IA. A man was walking by the Lidtke Mill. He was old‚ pretty tall not too tall‚ had a short beard‚ looked mean. He always wore the same clothes everyday‚ but if he was lucky he would stand outside of the thrift shop and get a pair of old jeans and a torn shirt. One day this nice short old lady‚ driving by the Lidtke Mill in a 1972 Convertible Chevelle‚ offered him some nice warm soup. The old man didn’t want this old lady’s soup‚ but he knew if he didn’t
Premium Soup Barbed wire The Little Girl
Celta assignment 1 may use the infinitive oppose to the simple present for example tomorrow Students may fail to understand the reference to a future event because the use of a simple present. Students may struggle to pronounce the weak form in “the” and “at” Students The plane leaves at 10:00 tomorrow. A- Present simple + time marker Subject + verb in present simple tense + time marker B- Talking about a scheduled future event C- Students may find it difficult to use the present tense
Premium Grammatical tenses Grammatical tense Present tense
Background Rossi Inc. is a diversified manufacturer of industrial products. In 2008‚ Rossi updated its asbestos litigation liability‚ including the costs of settlement payments and defense costs relating to currently pending claims and future claims projected to be filed against the Company through 2017 for losses incurred to date. Before 2008‚ the Company’s previous estimate was for claims projected to be filed through 2011. As part of the 2008 update to the asbestos litigation liability‚ Rossi
Premium Balance sheet Financial audit Audit
In this assignment I will be explaining how social organisation and relationships may affect the learning process and how to deal with the problems that may occur when supporting learning activities. Assessment criteria 3.2 Social organisation and relationships may affect the learning process in many different ways. In many subjects children will be set in groups according to their ability‚ this allows them to move forward with their learning and not to be held up by learners that may need
Premium Self-esteem Psychology Developmental psychology
Question No.1. The meaning of the term ‘marketing’ remains an area of confusion in the minds of many. As a marketing practitioner‚ explain the implications and the real meaning of marketing. Show how this can be distinguished from selling. The term marketing is easily misinterpreted by a lot of people no matter they possessed the professional knowledge or not. Business itself is nothing but an exchange‚ and obviously it’s an understanding marketing and selling is a part of business. Selling is a
Premium Sales Marketing