Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 12, 2024

An economic system where individuals or groups of individuals place capital at risk with an expectation of receiving back a profit commensurate with the risk.

"An economic system where individuals or groups of individuals place capital at risk with an expectation of receiving back a profit commensurate with the risk."

What does this saying mean?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Economics

Authors: Roger A. Arnold

12th edition

978-1305758674, 1305758676, 978-1285738321

More Books

Students also viewed these Economics questions

Question

★★★★★

Define what is meant by a business planning cycle. What are its key components?

Answered: 1 week ago

Question

★★★★★

Refer to the Applied Animal Behaviour Science (October 2000) study of domestic chickens exposed to a pecking stimulus, presented in Exercise. Recall that the average number of pecks a chicken takes...

Answered: 1 week ago

Question

★★★★★

At a hospital, 15 babies are born on a given day. If we know that seven of the newborn babies are boys, what is the probability that all seven boys were born in the last seven births at the hospital...

Answered: 1 week ago

Question

★★★★★

In what types of situations is conducting a census more appropriate than sampling? When is sampling more appropriate than taking a census?

Answered: 1 week ago

Question

★★★★★

Fritz Benjamin buys a car costing $18700. He agrees to make payments at the end of each monthly period for 4 years. He pays 4.8% interest, compounded monthly. What is the amount of each payment? Find...

Answered: 1 week ago

Question

★★★★★

What is the first rule for planning joint sustainment? A. Services sustain themselves or are supported by the Defense Logistics Agency. B. Services sustain each other. C. Services are interdependent

Answered: 1 week ago

Question

★★★★★

If you are a small business and have machinery valued at $28,000, land valued at $52,000, $14,000 in cash and a 10 year loan debt of $75,000, what is owners equity?:

Answered: 1 week ago

Question

★★★★★

QUESTIONONE For anyone considering doing business in Uganda, think ROKO. ROKO ConstructionLimited was founded in 1969 and is today one of Uganda's leading Construction andCivilEngineeringGroups....

Answered: 1 week ago

Question

★★★★★

Lotric Co. produces suction plates for toddlers. The plan for the next period is as follows: Sale of 9,000 plates in January, February, and March, and the same number of plates is expected for April...

Answered: 1 week ago

Question

★★★★★

The following tableliststheconcentration of E. coli bacteria( C , mg/L) at any given time ( t , min) in a swimming area. Time, t (min) 0 4 8 12 16 20 24 28 Concentration, C (mg/L) 0 2.5 3.2 3.4 3.5...

Answered: 1 week ago

Question

★★★★★

Vulnerability scanning can be a critically important step to ensure a network is secure. For a penetration tester, are there any risks to conducing vulnerability scanning. What liabilities or...

Answered: 1 week ago

Question

★★★★★

Refer to the contribution margin format question Prepare a traditional format income statement BTAMTEX 3 AT T 12pt Paragon words Previous MacBook Air 888 00 FS 56 $ % 4 5 6 & 7 8 ( 9 3

Answered: 1 week ago

Question

★★★★★

4. It is only at this point that you can give the problem your full attention in relation to the various ways you have framed the problem.

Answered: 1 week ago

Question

★★★★★

1. To provide an insight into why a communication situation can be perceived differently depending on which psychological framework we choose to use.

Answered: 1 week ago

Question

★★★★★

4. What is the meaning of this statement, we should always demarcate a problem in accordance with our objectives, or with what we are trying to understand? a) Give at least three examples that shed...

Answered: 1 week ago

Previous Question Next Question