Gives incentives to produce goods that consumer wants
Involves a high degree of economic freedom
Competition pushes businesses to be efficient
Price system encourages producers and consumers to conserve scarce resources
Wincate 1 answered the question on October 12, 2017 at 08:07
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State the disadvantages of free -market systems.
(Solved)
State the disadvantages of free-market systems.
Date posted:
October 12, 2017
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Outline the advantages of free -market systems.
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Outline the advantages of free market systems.
Date posted:
October 12, 2017
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Activities that may be carried out in a stock exchange market.
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October 11, 2017
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Outline tasks that may be carried out by a receptionist in an office.
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October 11, 2017
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State reasons why the government should create an enabling environment for investors
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Reasons why the government should create an enabling environment to investors:
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October 11, 2017
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Outline measures the government may use to create an enabling environment
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Outline measures the government may use to create an enabling environment
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October 11, 2017
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Outline factors that may limit the operations of an open air market operator
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Outline factors that may limit the operations of an open air market operator
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October 11, 2017
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Explain five services offered by wholesalers to manufacturers
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Explain five services offered by wholesalers to manufacturers
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October 11, 2017
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Disadvantages of specialization
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October 11, 2017
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Describe five principles under which insurance practice is carried out in Kenya
Date posted:
October 11, 2017
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Explain five factors that influence a producer to sell his produce directly to the consumer
(Solved)
Explain five factors that influence a producer to sell his produce directly to the consumer
Date posted:
October 11, 2017
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Describe four characteristics of money
(Solved)
Describe four characteristics of money
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October 11, 2017
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Explain four methods used by the government to regulate business activities .
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Explain four methods used by the government to regulate business activities .
Date posted:
October 11, 2017
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Advertising is a very popular method of product promotion among traders.Explain four qualities of a good advert ...
(Solved)
Advertising is a very popular method of product promotion among traders.Explain four qualities of a good advert
Date posted:
October 11, 2017
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Answers (1)
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Explain five factors that may lead to an increase in the level of national income of a country
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Explain five factors that may lead to an increase in the level of national income of a country
Date posted:
October 11, 2017
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Discuss five advantages of limited liability company over other form of business unit
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Discuss five advantages of limited liability company over other form of business unit
Date posted:
October 11, 2017
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The Kenyan government is constructing a new Standard Gauge Railway(SGR)line.Explain five benefits that will accrue to the Kenyan economy from this railway line.
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The Kenyan government is constructing a new Standard Gauge Railway(SGR)line.Explain five benefits that will accrue to the Kenyan economy from this railway line.
Date posted:
October 11, 2017
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What is partnership deed and what is the content of the deed?
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What is partnership deed and what is the content of the deed?
Date posted:
October 11, 2017
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Discuss in details the phases in the growth of a firm/business
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Discuss in details the phases in the growth of a firm/business.
Date posted:
October 11, 2017
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Mention four reasons why the extractive level of production is the highest income earner in Kenya
(Solved)
Mention four reasons why the extractive level of production is the highest income earner in Kenya
Date posted:
October 11, 2017
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Answers (1)