Asked by katira Gonzalez on Apr 25, 2024
Verified
In a market system,employees and suppliers:
A) are usually shielded from risk,but at the cost of not sharing in the profits of the firm.
B) are usually shielded from risk and share in the profits of the firm.
C) are generally subject to as much risk as firm owners but get to share in the profits.
D) bear as much risk as firm owners but don't get to share in the profits.
Market System
An economic framework in which choices about investment, production, and the distribution of goods and services are influenced by supply and demand dynamics, with their prices established through a system of free pricing.
Shielded From Risk
Describes a condition or strategy in which an individual or entity is protected or insulated against potential losses or adverse outcomes.
- Determine the challenges associated with risk management in command and market economies.
Verified Answer
Learning Objectives
- Determine the challenges associated with risk management in command and market economies.
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