Illustrate the characteristics of the Market System
Illustrate the characteristics of the Market System?
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Most of the private property Private individuals and firms own (land and capital):-
1. Private property, coupled with the freedom enables individuals, to discuss binding, legal contracts and businesses to acquire exploit, control and organize of this property.
2. Private property rights encourage innovation, venture, maintenance of property, exchange of assets as well as economic growth.
3. Property rights extend to intellectual property through copyrights, patents as well as trademarks.
Illustrate Competition among buyers and sellers is a controlling mechanism?
Elucidate the ways to finance corporate activity?
Give a brief introduction of the term Risk Principle?
Is transfer income involved in national income? Explain Why? Answer: No, since transfer income does not effect in the production of services and goods.
Explain in short the functions of money? Answer: (A) Medium of exchange: Money can be employed to make payments for all transactions of services and goods.
Describe three ways to finance corporate activity. Make a case that stocks are more risky for the financial investor than are bonds?
Elucidate: Competition and the “Invisible Hand”?
Give a brief introduction of the term Control Factor?
Give a brief introduction of the term net present value? Write down its admittable rules, their merits and demerits?
What are the main sources of growth?
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