Is the way free market economies allocate resources broken, as the speaker in the first video suggests and it needs government control so that the maximum number of people benefit from those resources? Or, is the view from the second video correct and the government is inept and non-profits and for profits can better allocate resources? Provide an example to support your view.

Answers

Answer 1

Yes, the way free market economies allocate resources, as the speaker in the first video suggests, is in a way in which maximum number of people can benefit from those resource.

How does the free market economies allocate resources?

In a free market economy, producers compete to supply goods and services to consumers who demand them. This competition drives prices up or down depending on the balance between supply and demand. When there is a shortage of a particular good or service, the price goes up, encouraging producers to increase supply to meet the demand.

As a result of this competitive market process, resources are allocated to their most efficient and profitable use. Producers are incentivized to allocate resources towards the production of goods and services that are in high demand and offer the potential for greater profits. Conversely, resources are diverted away from less profitable or less in-demand goods and services, allowing for efficient allocation of resources.

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Related Questions

Enlist the points of how rainfall can be ineffective.

Answers

Answer:

Consequently ineffective rainfall is that portion which is lost by surface run-off (C1), unnecessary deep percolation losses (C2. 2.2), the moisture remaining in the soil after the harvest of the crop (C2. 1.3) and which is not useful for next season's crop.

Write 5-8 key points about each volcano and 5-8 things they have in common.

Answers

Answer:

A volcano is an opening in a planet or moon's crust through which molten rock, hot gases, and other materials erupt. Volcanoes often form a hill or mountain as layers of rock and ash build up from repeated eruptions. Volcanoes are classified as active, dormant, or extinct.

Volcanoes can be of different shapes and sizes, but all contain some basic parts. The essential parts of a typical volcano are: 1) magma chamber, 2) lava, 3) primary vent, 4) throat, 5) conduit, 6) crater, 7) summit, 8) secondary vent, 9) secondary cone, 10) lava flow, and 11) ash cloud.

Explanation:

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Six woman push grocery carts up a ramp ashen 2 quarts weigh 50 pounds each for cart weigh 20 pounds each. How much work was done

Answers

Answer:

22.362h

Explanation:

To calculate the work done by the women in pushing the grocery carts up the ramp, we need to first determine the total weight of the carts and their contents.

Each cart contains 2 quarts that weigh 50 pounds each, so the weight of the contents in each cart is 2 x 50 = 100 pounds.

In addition, each cart weighs 20 pounds, so the total weight of each cart is 100 + 20 = 120 pounds.

If there are six women pushing the carts, and we assume that each woman exerts the same amount of force, then the total force applied to the carts is 6 times the force exerted by each woman.

Assuming that the carts are pushed up a vertical height "h," the work done by the women in pushing the carts up the ramp is:

work = force x distance

= (6 x force exerted by each woman) x h

To determine the force exerted by each woman, we need to divide the weight of each cart by the force of gravity, which is approximately 9.8 m/s^2. In pounds, the force of gravity is approximately 32.2 lbm/s^2.

So, the force exerted by each woman is:

force exerted by each woman = (weight of cart and contents) / (force of gravity)

= 120 / 32.2

≈ 3.727 pounds (rounded to three decimal places)

Therefore, the work done by the women in pushing the carts up the ramp is:

work = (6 x 3.727) x h

= 22.362h

Note that the work done depends on the vertical height h that the carts are pushed up, which is not given in the question. So we cannot provide a numerical answer to this question without this information.

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