In a Competitive Economy, the Questions of What, How, and for Whom

question 194

Multiple Choice

In a competitive economy, the questions of what, how, and for whom to produce tend to be regulated by

• A)the government.
• B)businessmen.
• C)the price system.
• D)workers.

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Definitions:

Non-controlling Interest

The portion of equity interest in a subsidiary not held by the parent company.

Equity Accounts

Accounts that represent the owner's interest in the assets of a company, after deducting liabilities, commonly consisting of stock and retained earnings.

Non-controlling Interests

A minority stake in a company held by investors who do not have a controlling interest or majority of the voting rights.

Subsidiary Entity

A company that is controlled or owned, either in part or fully, by another company, known as its parent company.