Private individuals have greater influence in a free-market economy than in a command economy
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: In a free-market economy, production and distribution of goods and services are controlled by individuals, not by the government, as in command economies.
Business
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A DFD consists of the following four basic elements: data sources and destinations, data flows, transformation processes, and data stores. Each is represented on a DFD by a different symbol.
a. true b. false
Business
If a label on a product states "Made in Thailand," and a similar product has a label "Made in Germany," why do consumers consider the latter to be better than the former? What difference does a label make in consumer perceptions?
What will be an ideal response?
Business