Keep up with a changing work environment are Stay informed, Network, Adapt, Ask questions, Stay organized, Take initiative, and Be flexible.
What is environment?Environment is the natural world around us that is made up of living and nonliving things, including air, water, and land. Environment also includes physical features like mountains, forests, and deserts, as well as human-made features like buildings, roads, and dams. It is important to protect the environment as it provides us with resources to survive and also helps keep the Earth's climate in balance.
1. Stay informed: Keep up with industry news and trends to stay ahead of the curve.
2. Network: Attend conferences, seminars, and other events to stay connected with the latest developments in your field.
3. Adapt: Be open to learning new skills and technologies to stay competitive.
4. Ask questions: Don’t be afraid to ask questions and seek advice from colleagues and mentors.
5. Stay organized: Develop systems and processes to help you stay on top of your workload.
6. Take initiative: Look for opportunities to take on new projects and challenges.
7. Be flexible: Be willing to adjust to changing circumstances and priorities.
To learn more about environment
https://brainly.com/question/26589766
#SPJ4
Burkhardt Corp. pays a constant $14.30 dividend on its stock. The company will maintain this dividend for the next 7 years and will then cease paying dividends forever. If the required return on this stock is 11 percent, what is the current share price
Answer:
TOTAL CURRENT PRICE OF SHARE: $67.38
Amount: year pvf at 11% PV
$14.30 year 1 0.90090 $12.88
$14.30 year 2 0.81162 $11.61
$14.30 year 3 0.73119 $10.46
$14.30 year 4 0.65873 $9.42
$14.30 year 5 0.59345 $8.49
$14.30 year 6 0.53464 $7.65
$14.30 year 7 0.48166 $6.89
TOTAL CURRENT PRICE OF SHARE: $67.38
Explanation:
A stock price is the price of one of a company's many shares available for sale. Simply put, the stock price is the highest price someone is willing to pay for the stock or the lowest price at which it can be purchased. Analysts use the random walk approach to explain the movement of asset prices, especially stock market stock prices, in economic and financial theory. This methodology is based on the premise that investors are neutral and unbiased and always assess the value of assets based on future expectations. In such circumstances, prices are subject to all available information and are subject to change only when new information is released.
I hope this helps!!!
how are cells strengthened in the brain
Answer:
Explanation:
when a neuron is active, the activity causes it to release netrin. The netrin acts to strengthen the connection between the neuron and a neighbouring neuron at the activated synaptic junction. Netrin's essential signal to the two neurons is 'Make the synapse stronger.
Which of the following is an implication of the global monetary system for currency management?
a. Speculative buying and selling of currencies create predictable movements in exchange rates.
b. The foreign exchange market is efficient.
c. Both short- and long-term exchange rate movements are easy to predict.
d. The foreign exchange market is driven by a combination of government intervention and speculative activity.
e. Exchange rate movements can be predicted by the purchasing power parity theory.
The foreign exchange market is efficient is an implication of global monetary system for the currency management.
What is a monetary system?Using a monetary system, a government can finance an economy. Modern monetary systems frequently consist of the national treasury, the mint, central banks, and commercial banks. A monetary system called a commodity money system really employs commodities, such gold or seashells, as money by using them as the unit of value. The qualities of money ensure that its value never changes. A central bank and governmental legislation both recognise fiat money as legal tender as an alternative to the commodity money system, even though it has no inherent value. Fiat money was first represented by paper money or coins made of base metal, but in modern economies, it is mostly represented by data, such as bank balances.
To learn more about monetary system, visit:
https://brainly.com/question/14510657
#SPJ4
Which one of the following is not the formula for the quantity theory of money? O M x Y = P x V. O V = P x Y/M
O M = 1/v x P x Y. O M x V = P x Y.
The correct response is c. M = 1/v x P x Y. The quantity equation M x V = P x Y states that M represents the amount of money, V represents its velocity, P represents the average price of goods and services, and Y represents the amount of real output of goods and services.
The mean price of a security or asset observed over a predetermined period of time is the average price. The simple arithmetic average of closing prices over a given time period is used to calculate it.After accounting for trade volume, the volume-weighted average price (VWAP) can be determined on an intraday basis. The average buy price is calculated as the weighted average of all the delivery purchases made on a specific stock. Only Quantity in your Portfolio that is open is affected. Transfers of shares from other Demat accounts to the 5Paisa Demat account will be taken into consideration. The Buy Price shall be the Closing Price on the Transfer Date.
Learn more about average price here
https://brainly.com/question/29297526
#SPJ4
Which one of the following statements concerning net present value (NPV) is correct? A. An investment should be accepted if, and only if, the NPV is exactly equal to zero. B. An investment should be accepted only if the NPV is equal to the initial cash flow. C. An investment should be accepted if the NPV is positive and rejected if it is negative. D. An investment with greater cash inflows than cash outflows, regardless of when the cash flows occur, will always have a positive NPV and therefore should always be accepted. E. Any project that has positive cash flows for every time period after the initial investment should be accepted.
If the investment's NPV is positive, it should be approved; if it's negative, it should be denied.
In terms of net present value (NPV), which statement is accurate?Explanation and Response: The right response is A) Accept the proposal if the NPV exceeds the cost of investing. A project's current worth is estimated using the net present value, which is calculated by deducting the cost of investment from the present value of the project's future cash flows.
Considering the NPV, which of the following propositions is untrue?Explanation and Response: A) Reject projects with NPVs of zero since adopting them would mean decreasing firm value To determine a project's profitability, the NPV is a method for calculating the current value of all upcoming cash flows.
To know more about NPV visit:
https://brainly.com/question/29423457
#SPJ4
Marketers are said to suffer from marketing myopia when they ignore underlying consumer needs and focus excessively on ________.
Marketers are said to suffer from marketing myopia when they ignore underlying consumer needs and focus excessively on Consumers' existing wants.
Wants are demands made for particular categories of goods. Requirements are requests for particular goods that the customer is prepared and able to purchase. In a consumer market, examples are frequently easy to spot. Someone might require dependable transportation.
A need is something that is considered to be necessary or vital to have. Examples include shelter, food, and water. A want is an unnecessary yet wanted object or thing that improves the quality of life. A car stereo, CDs, an automobile, and expensive clothing are some examples.
A corporation can ask clients extra questions to determine what other goods would pique their interest once they have a better understanding of their needs and wants.
Learn more about consumers existing wants here:
https://brainly.com/question/14300731
#SPJ4
Estimating and recording product warranty expense in the period of the sale best follows the a. business entity concept b. matching concept c. materiality concept d. cost concept
The matching concept is the most appropriate for estimating and recording product warranty costs during the sale period.
What is the matching concept?The matching concept is a method of accounting in which businesses record both their revenue and the expenses that go along with it in the same accounting period. Companies report their "revenues," also known as their "expenses." The matching concept is intended to prevent earnings from being incorrectly stated for some time.
This idea is mostly used by businesses to figure out what their actual profit or loss was during an accounting period. This causes the profit or loss to be either overcast or undercast, which may not reflect the actual efficiency of the business and its operations during the relevant accounting period.
To learn more about matching concept visit :
https://brainly.com/question/27901702
#SPJ4
An investor is considering purchasing a bond. He has decided on either a 6% municipal bond offered by the state in which he lives or an 8% corporate bond offered by a company with headquarters in his state. He would like you to help him decide which bond will get him the greatest return for his investment. Which of the following items of information must you obtain before you can make a specific recommendation
His tax rate is one of the details you must find out before you can give a specific proposal.
Explain about the tax rate?The percentage of an individual's taxable income or a corporation's profits that must be paid to state, federal, and, in certain cases, municipal governments in the form of income tax is known as the tax rate.
The total tax minus the total income is the average tax rate. A household's average tax rate, for instance, is 15% if it earns $100,000 overall and pays $15,000 in taxes.
10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent, and 37 percent are the seven federal income tax rates that will be in effect in 2023. If a taxpayer's taxable income exceeds $539,900 for single filers and $693,750 for married couples filing jointly, they will be subject to a 37 percent top marginal income tax rate.
To learn more about tax rate refer to:
https://brainly.com/question/29029623
#SPJ4
Kim Mathews, a retired school teacher, recently relocated to her old neighborhood. She called the trash collection company of her new neighborhood to enter her address but was dismayed to learn that they charged an extra $10 compared to the other companies in other areas. She complained to the company manager but was told that she had to either pay the bill or dispose the trash on her own. Kim had no other option but to pay the bill. Which of the following is the reason why Kim was treated so poorly by the company
There were no other companies offering this service besides the trash firm.
What is it called when a company compares itself to its competitors?Because high quality is ensured by competition, the consumer benefits. The buyer will choose based on quality if two businesses are offering comparable goods at comparable costs. A corporation has a market monopoly if it doesn't have any rivals. In a command economy, monopolies are typical (communism).
The level of rivalry between existing businesses is a measure of that level of competitiveness. Profits may be hampered by intense competition, which may result in price reductions, higher advertising costs, or investments in service/product innovation and enhancement.
We describe competitive benchmarking, how to conduct it, and why it is crucial. To start you and your business, read on today. Competitive benchmarking is comparing your business to a number of rivals using a predetermined set of parameters.
Therefore, the answer is there were no rival companies offering this service besides the trash firm.
To learn more about competitors refer to:
https://brainly.com/question/24625436
#SPJ4
The response is that the trash company alone was the only one offering this service. Other than the trash company, there were no other businesses providing this service.
When a company compares itself to its rivals, what is it called?The consumer benefits because competition ensures high quality. If two businesses offer comparable goods at comparable prices, the buyer will choose based on quality. If there are no competitors in the market, a corporation has a market monopoly. Monopolies (communism) are typical in a command economy.
A measure of that level of competitiveness is the degree to which existing businesses compete with one another. Price reductions, higher advertising costs, or investments in service/product innovation and enhancement may all result from intense competition hurting profits. We explain what competitive benchmarking is, how to do it, and why it's so important. Read on to learn how to get your company off the ground. Using a predetermined set of parameters, you can compare your company to a number of rivals through competitive benchmarking.
Therefore, the response is that the trash company alone was the only one offering this service.
To learn more about competitors refer to:
brainly.com/question/24625436
#SPJ4
The normative approach ______________________. Question 35 options: identifies guidelines that dictate how firms should treat stakeholders focuses on the actual behavior of the firm and usually addresses how decisions and strategies are made for stakeholder relationships is the degree to which a firm understands and addresses stakeholder demands describes reciprocal relationships between the firm and a host of stakeholders
The normative approach identifies guidelines that dictate how firms should treat stakeholders.
The Normative Approach is a values-based strategy for creating communities that works under the premise that everyone has a desire to succeed, a need to belong, and a want to feel purposeful. To create pro-social communities where "therapy" and "education" are connected via shared experience, all NAFI Programs employ the Normative Approach.
The Normative Approach is a successful paradigm for culture change because each member of a normative community is equally important in creating a set of community norms, in taking ownership of upholding those norms, and in holding others accountable for doing the same. This provides each person in the community a sense of ownership.
To know more about normative approach :
https://brainly.com/question/9414710
#SPJ4
Zelda was approved for a $3,000, two-year, 11 percent loan with the finance charges figured using the discount method. How much cash will Zelda receive from this loan
According to the question, elda will receive $2,730 in cash from this loan.
What is loan?Loan is a type of financial assistance given to an individual or entity in exchange for a promise of future repayment of the principal amount along with interest. Loan is a type of credit and can be used for a variety of purposes such as purchase of goods and services, investment in businesses, debt restructuring, and more. Loan can be taken from a financial institution like banks, credit unions, and other lenders.
This is because finance charges are figured using the discount method, meaning that the lender charges a fee (the discount) to provide the loan. In this case, the discount is $270, which is deducted from the loan amount of $3,000. Therefore, Zelda will receive $2,730 in cash from the loan.
To learn more about loan
https://brainly.com/question/20688650
#SPJ4
Goals in communicating negative news should include helping the receiver understand the news, showing your desire to continue pleasant relations with the receiver, and ________.
Goals in communicating negative news should include showing your desire to continue pleasant relations with the receiver, and maintaining a professional and positive image of you and your corporation.
Delivering news that the audience does not want to hear, read, or absorb is known as a bad news message (or negative news message). Giving bad news is never simple. How you choose to convey the message can affect how it is received, whether you are telling someone they are being fired or that they performed poorly at work.
Some people would rather hear unpleasant news in a clear, succinct manner. Others might favor a more indirect strategy. Your task is to give news that you expect will be disagreeable, undesirable, and possibly disregarded, whether you decide a direct or indirect approach is necessary.
The secret to overcoming obstacles while upholding honesty and trust among your team, stakeholders, and the public is to manage, explain, and direct understanding.
To know more about communicating pleasant news:
https://brainly.com/question/29566577
#SPJ4
Suppose you are a software engineer living in the United States, and you just sold your latest product to a Russian consumer for RUB 7,000. Determine the effects of this transact ion on exports, imports, and net exports in the US. economy, and enter your results in the following table. If the direction of change is 'No change, ' enter '0' in the Magnitude of Change column.
The following situation could have an impact on the United States:
You invest RUB 7,000 in shares of a Russian corporation.
You invest RUB 7,000 in Russian Bonds.
You keep the rubles in your home's safe deposit box.
This refers to products and services that are made in one nation and offered to invest customers in another. A good or service that is exported is one that is produced in one nation but is sold to a customer Bonds. Exports are one of the earliest types of economic exchange and take place impact between countries. There will be an impact because it affects exports and net exports.
To learn more about invest, click here.
https://brainly.com/question/15353704
#SPJ4
effectiveness and efficiency in this order can be measured by?
O Asset turnover and profit margin
O return on equity and return on assets
O liabilities and equity
O all of the above
GDP is the market value of: Question 19 options: all resources (land, labor, capital, and entrepreneurship) in an economy in a given year. all consumption and investment spending in an economy in a given year. all output produced and accumulated over the years. all final goods and services produced in an economy in a given year.
The market value of all finished products and services generated in an economy during a particular year is known as GDP.
Gross domestic product (GDP) is a monetary indicator of a country's market value for all finished items produced and sold within a given time frame. Before it can be regarded as a trustworthy indicator, the measurement must be continually corrected due to its complexity and subjectivity. Nominal GDP is used for comparing national economies on the global market because GDP per capita does not take into account variations in the cost of living and inflation rates of the various nations. In order to compare living standards between countries, it may be more beneficial to utilize GDP per capita at purchasing power parity (PPP).
Learn more about GDP from
brainly.com/question/1383956
#SPJ4
Which of the following is true of government interventions in a country's trade practices? a. Lower restrictions should be placed on products coming from countries where a government has a large sphere of political influence. b. Governments intervene to protect only imports, as the protection of exports is handled by private agencies. c. A major political motive behind government intervention in trade is the protection of infant industries. d. Government interventions help companies take advantage of economies of scale and be the first movers in their industries.
A major political motive behind government intervention in trade is the protection of infant industries.
What is the primary cultural justification for government intervention and trade?Protecting domestic jobs is one of the primary cultural justifications for government trade involvement. A country's government may decide to obstruct imports that it deems undesirable due to unwanted cultural influence.
What political factors mostly drive government trade intervention?Protecting local jobs, maintaining national security, retaliating against "unfair" trade by another country, and gaining influence over other countries are all examples of political motivations. Protecting nascent businesses from rivalry and pursuing a strategic trade policy are two examples of economic motivations.
To know more about political visit:
https://brainly.com/question/10369837
#SPJ4
Tina would like to withdraw an annual salary of $35,756 from an account paying 2.2% compounded annually for 35 years once she retires. Given this information, determine the amount needed in her account in order for her to reach her goal. Round to the nearest cent. a. $801,263.20 b. $866,442.02 c. $885,503.75 d. $1,213,299.,90 Please select the best answer from the choices provided A B C D
Answer:
To determine the amount needed in Tina's account in order for her to reach her goal of withdrawing $35,756 annually for 35 years, you can use the formula for compound interest:A = P(1 + r)^tWhere:A is the final amount needed in the accountP is the present amount in the accountr is the annual interest rate (expressed as a decimal)t is the number of yearsThis formula assumes that no other contributions are made to the account after the initial deposit.Now we can use this formula, by substituting the given values we have:
A = P(1 + 0.022)^35And, we know that A = 35,756*35 = $1,252,460So we have an equation as:
1,252,460 = P (1 + 0.022)^35We can solve for P by taking the natural logarithm of both sides:
ln (1,252,460) = ln (P) + 35 ln (1 + 0.022)then, by dividing both sides by 35 ln (1 + 0.022)P = 1,252,460 / (1 + 0.022)^35P = $ 885,503.75So Tina needs $885,503.75 in her account for her to reach her goal of withdrawing $35,756 annually for 35 years. Choice C is the correct answer.
Explanation:
hope this helps
What are 3 things you can invest in?
You can invest in the following 3 things:
Gold is a demanded good that has been appreciated. Also, gold can sell quickly if you need the money.High-yield savings accounts pay you interest on your cash balance.Corporate bonds are debt instruments that a company issues in order to raise capital. At the maturity of the bond, the company returns you the invested money plus the interest generated.Good tips for investing
Get trained on finance, economy, and investment issues.Define clear investment objectives.Know all the investment options.Know all the risks associated with investments.Learn more about investments here:
https://brainly.com/question/13612423
#SPJ4
Which one of the following is not a reason a company decides to enter foreign markets?
A. To spread business risk across a wider geographic market base
B. To capitalize on company competencies and capabilities
C. To achieve lower costs and enhance the firm's competitiveness
D. To build the profit sanctuaries necessary to wage guerrilla offensives against global challengers endeavoring to invade its home market
E. To gain access to more buyers for the company's products/services
To spread business risk across a wider geographic market base is not a reason a company decides to enter foreign markets.
Why do businesses choose to enter a foreign market?Increasing customer base, sales, and money are the three main reasons why businesses expand internationally. Your business gains access to customers who weren't previously on your radar by entering a new country. to take advantage of scale-related cost savings in product development, production, or marketing. Increase your turnover. Increasing your revenue and lowering your risks can both be accomplished by going global. Exporting, licensing, partnering, acquisition, and greenfield ventures are the most popular methods of entering international markets.
To know more about foreign markets visit:
https://brainly.com/question/13211872
#SPJ4
in the _____, firms change the underlying technology while holding cumulative output constant.
In the experience curve, firms change the underlying technology while holding cumulative output constant.
The Boston Consulting Group developed the notion of the "Experience Curve," which asserts that there is a regular correlation between a company's total amount of production and its cost of production.
The idea suggests that a company's cost of production will be lower the more skilled it is at producing a particular product. The value-added expenses decrease by a fixed percentage as the total manufacturing capacity (from the first to the final unit) doubles.
To learn more about the experience curve, visit the link below:
brainly.com/question/29736815
#SPJ4
Which of the following is NOT a type of information communicated by the financial statements? Multiple Choice a. whether or not the business is profitable b. what types of assets business owns c. how long the business has been in operation d. how much the business owes others
How long the business has been in operation is NOT a type of information communicated by the financial statements.
Hence, Option C is correct.
Financial statements are written records that outline a company's operations as well as its financial success.Financial statements offer a quick glance into the state of a company's finances and include information on its operations, profitability, and cash flow. Financial statements are crucial since they reveal details about a company's earnings, costs, profitability, and debt. T12, or occasionally TTM, stands for "trailing 12 months," and is frequently used to describe a financial statement that summarizes an entity's performance over the previous year.Government organizations, business firms, use audit financial statements in order to gain their accuracy.To know more about financial statements here
https://brainly.com/question/26240841
#SPJ4
if the price level increased from 120 to 130, then what was the inflation rate?
The inflation rate is the percentage change in the price level of goods and services over a certain period in this case, the increase in the level from 120 to 130 indicates an inflation rate of 8.33%.
This is calculated by taking the difference between the two numbers (in this case, 10) and dividing it by the original number (120), and then multiplying by 100.
130-120/120=10/120
1/12×100=8.33
Inflation is an important economic concept, as it can have a significant impact on the cost of living. When prices increase too rapidly, it can cause economic hardship for households and businesses, as they are forced to pay more for goods and services.
Learn more about inflation:
https://brainly.com/question/850547
#SPJ4
Worker's compensation insurance premiums: Multiple Choice Are the same amount for all employees of a company, regardless of employee task. Are remitted in full at the end of the year to ensure accuracy. Are governed by state laws and vary according to worker job classification. Are mandated by the Fair Labor Standards Act.
Depending on the worker's compensation classification, and are governed by state law.
What does workmen's compensation insurance cover?The Workmen's Compensation policy offers payment for monetary damages to Employees or their dependents in the event of an employee accident or injury at work (including certain occupational diseases) that results in disability or death. Employees who sustain an injury at work are compensated under the policy. This policy also includes coverage for illnesses and fatalities related to the workplace. Employers can also benefit financially from this sort of insurance since it can cover the costs of litigation when workers file claims. Even if they are citizens of another nation, employees of Indian enterprises are covered by the WC Insurance Policy. Only Indian citizens are eligible to use the ESIC Insurance Policy.
To know more about compensation insurance visit:-
brainly.com/question/28108147
#SPJ4
A group of similar products with slight variations in the marketing mix to satisfy different needs in a market is a(n): Answer options extended product brand product assortment product line
A group of similar products with slight variations in the marketing mix to satisfy different needs in a market is a product assortment. A product line is a collection of related goods that have minor changes to meet the various needs of customers.
By meeting the needs of a varied target market, the product line hopes to generate the most sales feasible. A product is anything that can be supplied to a market in order to satiate a customer's need or desire. In marketing, a product is an item, system, or service that is made accessible for consumer usage in response to consumer demand. Consumption is the act of using products and services provided by producers and distributors to fulfil one's demands.
To learn more about products, click here.
https://brainly.com/question/22852400
#SPJ4
PRO and CONS Airbnb?
Pros and Cons of staying in an Airbnb
Pros:
Larger than staying in a hotel
Less crowded
Less expensive
Cons:
The host is less trustworthy than workers at hotels for various reasons
Could be cameras in places like bathrooms or rooms to watch you
You probably will have to eat out
The _____________was created by Congress to allocate acreage among individual farmers, encouraging them to take land out of production by paying them subsidies.
The Agricultural Adjustment Act (1933) was created by Congress to allocate acreage among individual farmers, encouraging them to take land out of production by paying them subsidies.
What was the function of the Agricultural Adjustment Act of 1933?A federal law, the Agricultural Adjustment Act (AAA), was passed by U.S. President Franklin D. Roosevelt in 1933 as a part of his New Deal. The law offered incentives to farmers in exchange for reducing the amount of some crops they produced. The purpose of the subsidies was to reduce overproduction in order to raise the price of agricultural products. AAA successfully achieved its goals during its short existence. Crop stocks fell and prices rose. It is now considered the most successful New Deal initiative.
To know more about Incentives, visit:
https://brainly.com/question/29789606
#SPJ4
Which of the following is not a form of risk reduction in project management?
A. backup system
B. outsourcing
C. risk-sharing
D. scenario analysis
E. all of the above are risk reduction methods
What might happen if an economy is unable to produce wanted goods and services people will go without them people will look elsewhere for them?
People may start looking elsewhere for them if an economy is unable to supply the desired products and services.
What may occur if a country's economy is unable to produce?People will shop elsewhere if an economy is unable to supply the desired goods and services. Customers will go where their want is satisfied if their desire is not met by the existing economy. An economy must thus create the goods and services that consumers want in order to satisfy their demand.Since society only has a certain amount of resources, it is unable to provide all the products and services that people desire.People may start looking elsewhere for them if an economy is unable to supply the desired products and services.To learn more about economy refer to:
https://brainly.com/question/2533117
#SPJ4
Answer:its B
Explanation: yes
Which of the following is not one of the characteristics of a mature profession?
a) code of ethics
b) licensing
c) mandatory drug testing
d) mandatory professional development
e) professional education
Mandatory drug testing is not one of the characteristics of a mature profession.
What is Drug testing?In a sample of your urine (pee), blood, saliva (spit), hair, or perspiration, a drug test checks for indications of one or more illicit or prescription medications. A drug test is used to check for drug usage and misuse, which may include:
using any illicit drugs, including cocaine or club drugs
Taking prescription medications improperly refers to doing so in a manner or for a purpose other than that which your doctor has directed. Examples of drug abuse include taking someone else's medication or utilizing a painkiller obtained with a prescription to unwind. The majority of drug testing use urine samples. These tests are capable of detecting drug use anywhere between hours and many days or more before the test.
To learn more about Drug testing visit:
https://brainly.com/question/29963359
#SPJ4
Who gets what is produced in a communist economy?
In a communist economy, the means of production are owned and controlled by a centralized government. All economic activities are planned and managed by the government.
Production resources are distributed among the people according to their needs and the government's plans. The government decides how resources are used and how much of the output is allocated to each individual. The goal of a communist economy is to ensure that everyone has access to the basic necessities of life, such as food, clothing, shelter, education, and medical care. The government also provides social benefits and other benefits to ensure that everyone's needs are met.
To know more about communist economy click here
https://brainly.com/question/29548378
#SPJ4