The merit system
hope this helps
Answer: No
Explanation:
Democracy ensures economic growth. Democracy allows the people to vote rightfully for the right leader to be in position. A right leader for the people knows what is best for the economic growth of the country.
Answer: Administrative lag
Explanation:
Administrative lag is defined as the lag of time that occurs between any issue identification and measure take to handle and correct the problem by finding solution.
In terms of economic field, the time required to recognize and realize the change in tax and the time to enact on those modification. This time gap is known as administrative lag.
Answer: vertical merger
Explanation: A vertical merger involves similar businesses that are involved in particular specialized needs. For example, US steel produces steel which is used in making automobiles. General motors needs steel to produce automobiles. A merger between these two Companies is termed a vertical merger. Another example can be a grocery store that sells chicken eggs purchasing a poultry farm that rears chicken.
Answer:
4) downward mobility
Explanation:
Social mobility is the movement of the citizens, individuals, families, or the groups through the system of the social stratification or hierarchy.
If the movement involves the loss in the social class and the economy, it is known as downward mobility.
Thus, in the given case study in which the people after the recession, lost their jobs, house and many other circumstance, shows that it was a time of downward mobility for these people.
