infrastructure. the basic support systems that a nation needs to keep its economy running smoothly.
What term is used to refer to the basic support that a nation needs to keep its economy running smoothly?
infrastructure. refers to the basic support systems that a nation needs to keep its economy running smoothly.
What is a capitalistic system in which the production of goods and services is determined by demand from consumers?
Capitalism is an economic system in which private individuals or businesses own capital goods. The production of goods and services is based on supply and demand in the general market—known as a market economy—rather than through central planning—known as a planned economy or command economy.
Is a situation in which a market left on its own fails to allocate resources efficiently?
The property of society getting the most it can from its scarce resources. The ability of an individual to own and exercise control over scarce resources. Market Failure. A situation in which a market left on its own fails to allocate resources efficiently.
What is the number of organisms a piece of land can support?
Carrying capacity refers to the number of organisms a piece of land can support.
What are the basic support systems of an economy?
the basic support systems needed to keep an economy going, including power, communications, transportation, water, sanitation, and education systems. per capita income. the average amount of money earned by each person in a political unit.
Which is a characteristic of a decision support system?
Decision support systems use data from the general management information system and they are used by a manager or a decision maker for decision support. The basic characteristic of the decision support system is that it is based on some tool, technique or model.
What are the different types of Operations Support Systems?
The operations support systems may be further classified into the following categories: a. Transaction Processing Systems b. Management Information Systems c. Enterprise Resource Planning Systems. A Transaction Processing System (TPS) focuses on the recording and processing of economic events (transactions) in the enterprise.
Which is the best definition of an economic system?
economic system that relies on habit, custom, or ritual to decide questions of production and consumption of goods and services market economy a type of economic system in which production of goods and services is determined by the demand from consumers.
