Create three (3) optimal decision rules for Katrina’s Candies
January 24, 2019
Please complete in paragraph form. Don’t use I think or I believe
January 24, 2019

Analyze the statement We live in a mixed economy not a purely market economy! Show less

No Show more Think of a business firm you recently visited (such as Walmart Home Depot Red Lobster Barnes & Noble McDonalds etc.). What motivated the producers of all the individual products in the store to make them and offer them for sale? How did the producers decide on the best combinations of resources to use? Who made those resources available and why? How does the market determine who will get the goods and services? Who decides whether these particular products should continue to be produced and offered for sale? How do these decisions differ between capitalist and socialist systems? In which system (capitalist or socialist) would you prefer to live? Why? Analyze the statement We live in a mixed economy not a purely market economy! Show less


 

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