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Which is the best example of a laissez-faire economic policy that helps business make profits?
Wiki User
∙ 10y ago
limiting regulations on the steel industry-novanet!!
Wiki User
∙ 10y ago
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What was the best example of a laissezfaire economic policy that helps businesses make profits?
limiting regulations on the steel industry-novanet
What is economic constraints?
an economic constraint is something that will affect a business for example, customers have stopped spending their disposable income on luxuries because of a recession, so a business will lose sales and profits
What is an economic system in which business leaders use profits to expand their companies?
Industrial Capitalism
How do you calculate economic profits?
Profits = revenues - expenses
What is a simple definition of economic recession?
i dont know. i think its 3 months of bad profits and sales within business
What was the best example of a laissezfaire economic policy that helps businesses make profits?
limiting regulations on the steel industry-novanet
What is economic constraints?
an economic constraint is something that will affect a business for example, customers have stopped spending their disposable income on luxuries because of a recession, so a business will lose sales and profits
What is the scope of business markets?
economic activities performed for earning profits are termed as business
What is an economic system in which business leaders use profits to expand their companies?
Industrial Capitalism
How do you calculate economic profits?
Profits = revenues - expenses
What is a simple definition of economic recession?
i dont know. i think its 3 months of bad profits and sales within business
Economic profits in an industry suggest the industry?
economic profits in a industry suggest the industry
Accounting profits are typically?
greater then economic profits,as accounting profits do not include implicit costs
What is a reasonable profit margin?
what is the difference between reasonable profits and economic profits
Write not more than 3 lines explaining the different between the economic profit and accounting profit?
Accounting profits tend to be higher than economic profits as they omit certain implicit costs, such as opportunity costs.For example, if you invest $100,000 to start a business and earned $120,000 in profit, your accounting profit would be $20,000. Economic profit would add implicit costs, such as the opportunity cost of $50,000 should you have been employed instead during that period. As such, you would have an economic loss of $30,000 ($120,000 - $100,000 - $50,000).
What is the economic function of profits and losses?
The economic function of profits and losses is to determine the performance of a company. This is what will contribute to the overall measure of the economy in a region.
How does the economic model of social responsibility differ from the socioeconomic model of social responsibility?
The economic model of social responsibility is in line with the traditional concept of business. It holds that society will earn most if business is left alone to produce products that society needs and make profits. The socioeconomic model of social responsibility holds that business is a part of the society therefore it can not ignore the problems that it causes. The socioeconomic model focus not only in profits but also in the impact of business decisions in society.
