Why do economists disagree about whether to classify freelancers who provide paid consulting services to businesses as workers or firms? Concept information: Workers are individuals who provide their factors services to organisation and receive a compensation for their service often termed as wages. Firms are profit making entities which hire factors of production to undertake the process of production. These firms sell their products at a price and make revenue from this process.

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Answer 1

Question

Chapter 1, Problem AFCT

To determine

Why do economists disagree about whether to classify freelancers who provide paid consulting services to businesses as workers or firms?

Concept information:

Workers are individuals who provide their factors services to organisation and receive a compensation for their service often termed as wages.

Firms are profit making entities which hire factors of production to undertake the process of production. These firms sell their products at a price and make revenue from this process.

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Answer 2

Question

Chapter 1, Problem AFCT

To determine

Why do economists disagree about whether to classify freelancers who provide paid consulting services to businesses as workers or firms?

Concept information:

Workers are individuals who provide their factors services to organisation and receive a compensation for their service often termed as wages.

Firms are profit making entities which hire factors of production to undertake the process of production. These firms sell their products at a price and make revenue from this process.

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Answer 3

Question

Chapter 1, Problem AFCT

To determine

Why do economists disagree about whether to classify freelancers who provide paid consulting services to businesses as workers or firms?

Concept information:

Workers are individuals who provide their factors services to organisation and receive a compensation for their service often termed as wages.

Firms are profit making entities which hire factors of production to undertake the process of production. These firms sell their products at a price and make revenue from this process.

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Answer 4

Question

Chapter 1, Problem AFCT

To determine

Why do economists disagree about whether to classify freelancers who provide paid consulting services to businesses as workers or firms?

Concept information:

Workers are individuals who provide their factors services to organisation and receive a compensation for their service often termed as wages.

Firms are profit making entities which hire factors of production to undertake the process of production. These firms sell their products at a price and make revenue from this process.

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Answer 5

Chapter 1, Problem AFCT

To determine

Why do economists disagree about whether to classify freelancers who provide paid consulting services to businesses as workers or firms?

Concept information:

Workers are individuals who provide their factors services to organisation and receive a compensation for their service often termed as wages.

Firms are profit making entities which hire factors of production to undertake the process of production. These firms sell their products at a price and make revenue from this process.

Answer 6

Chapter 1, Problem AFCT

To determine

Why do economists disagree about whether to classify freelancers who provide paid consulting services to businesses as workers or firms?

Concept information:

Workers are individuals who provide their factors services to organisation and receive a compensation for their service often termed as wages.

Firms are profit making entities which hire factors of production to undertake the process of production. These firms sell their products at a price and make revenue from this process.

Answer 7

Chapter 1, Problem AFCT

To determine

Why do economists disagree about whether to classify freelancers who provide paid consulting services to businesses as workers or firms?

Concept information:

Workers are individuals who provide their factors services to organisation and receive a compensation for their service often termed as wages.

Firms are profit making entities which hire factors of production to undertake the process of production. These firms sell their products at a price and make revenue from this process.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 1.A - Prob. 1P Ch. 1.A - Prob. 2P Ch. 1.A - Prob. 3P Ch. 1.A - Prob. 4P Ch. 1.A - Prob. 5P Ch. 1.A - Prob. 6P Ch. 1.A - Prob. 7P Ch. 1.A - Prob. 8P Ch. 1 - Prob. 1.1LO Ch. 1 - Prob. 1.2LO

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