A Characteristic of the Market System Is

question 270

Multiple Choice

A characteristic of the market system is

• A) extensive use of direct or manual methods of production.
• B) a focus on labor, as opposed to capital resources.
• C) reliance on the use of capital goods in indirect modes of production.
• D) avoidance of producing goods that do not satisfy consumer wants directly.

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Definitions:

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set, assigning more weight to some numbers and less to others.

Earnings Per Share

A financial metric that measures the amount of a company's profit allocated to each outstanding share of its common stock.

Outstanding Common Stock

Shares of a corporation's stock that have been issued and are in the hands of investors, but not repurchased by the company.

Restricted Retained Earnings

Earnings that are not freely available for dividend distribution or other purposes due to legal or contractual restrictions.